Bottom Line: Looking for wave (ii) correction
(Last Price 2.79): Lacking any evidence of a turn higher, such as a five-wave advance, there is scope for lower in wave (ii) towards 2.39 – 2.37, the 61.8% retracement levels of wave a. Trading above wave b extreme at 3, will suggest the trend has turned higher.
(Last Price 6.9):
