Bottom Line: Looking for wave 3 completion
(Last Price 52.1): we’ve adjusted the internals to suggest that wave 2 is yet to complete. Favouring ((b)) peaked at 62.6, our immediate focus is five waves for the wave ((c)). We expect the price action to unfold without a violation of 49 and avoid overlap with red wave 4 at 42.
Below 1H chart presents an alternative with a deeper retracement to the 61.8% of wave (1) at 44.7
(Last Price 52.1): we’ve adjusted the internals to suggest that wave 2 is yet to complete. Favouring ((b)) peaked at 62.6, our immediate focus is five waves for the wave ((c)). We expect the price action to unfold without a violation of 49 and avoid overlap with red wave 4 at 42.
Daily Analysis
Weekly Analysis
