1hr and 4hr StochRSI are simultaneously bottomed and charged for a move up into wave iii
As my wave i target 1515/1520 was not reached, this means wave i was very slightly shorter so I'm expecting a longer wave iii with a shorter wave iv up to the higher targets.
Although this does not seem to accommodate the probable resistance at 1543/ $250 so I wait to see how that plays out.
Whether this is in fact a correction up to II or is indeed wave 2 of a new bull trend remains to be seen once we complete the journey towards $270 / 1680cny
My current thinking is that we are still in the wave ii down.
I think I was quick to jump on the strike of 50% as completion of the retrace.
I was beginning to think it wanted to retrace deeper but the pattern looks like it maybe an abcde.
Dicey territory as it's chopping all over the place, but I will be watching for this to complete at 'e' before the previously posted wave iii up.