This have been an intersting history to see how the wave have been taking form, by now we expect this notable decline ends really soon and as is ending in what seems to be a ending diagonal will present a very nice chance to buy a fast rally after it ends.
After the truncated ending diagonal for wave c of what now we can conclude is the 3rd wave of a even greater ending diagonal, we observed at the end of the last week a new low what we suppose is the a wave of 5.
The atention right here must be more in the end of this corrective pattern, as long as do not get over the iv wave around 93 because there will be the best point to program a buy after the price gets a new low.
We will be expecting then a rally at least to the mid 0.96's because we can considere the wave v) as extended, but won't be surprising if retraces to 0.9785 where the wave iv) where. (And by the way if the decline ends near the actual lows will work as a confirmation for the 5th projection because the '50% as divider' guide for 4th waves.
After the truncated ending diagonal for wave c of what now we can conclude is the 3rd wave of a even greater ending diagonal, we observed at the end of the last week a new low what we suppose is the a wave of 5.
The atention right here must be more in the end of this corrective pattern, as long as do not get over the iv wave around 93 because there will be the best point to program a buy after the price gets a new low.
We will be expecting then a rally at least to the mid 0.96's because we can considere the wave v) as extended, but won't be surprising if retraces to 0.9785 where the wave iv) where. (And by the way if the decline ends near the actual lows will work as a confirmation for the 5th projection because the '50% as divider' guide for 4th waves.