a potential buy opportunity to catch wave C or 3
also note
also note
- pink wave B or 2 almost hit the 38.2% retracement level
- pink wave B or 2 is an expanded flat, where blue wave {c} = approx 1.618 blue wave {a}
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short-term count
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diagonal?
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could be another fall to complete wave (c) of a flat correction
immediate push above 0.7127 would argue a different structure is under way
immediate push above 0.7127 would argue a different structure is under way
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wave B (or 2) is still in progress
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either way
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if wave (c) is part of a triangle then green i-ii become a-b
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or
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trend remains bullish as long as price trading above the lower channel line
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a solid close above the corrective channel would be a bullish sign
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short-term count
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'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'
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