Currently, this market is wanting to head down, but I believe a small retrace up is needed before entering new lows and completing the potential (grey) and .
With these patterns, according to Scott C. - Trader, with Harmonictrader.com and inventor of most , his theory as written in his book in Trading 1 ( p. 185, 2004) is to wait for signs in the reversal zone before entering, rather than jumping into the trades at the completion points.
Which is what I will be doing at 103.834 or the 88.6 (maybe even the 1.13) - looking for some valid reversal signs.
Even though the Completes at the 78.6 fib (According to the guys at TradeEmpowered.com), I believe a better entry to rather look for is at the 88.6 completing the pattern, along with the already complete .
Last thing to note is the potential for the on the Daily soon