Wave 3 of Wave 5 Completed

There is a possibility that wave 3 of wave 5 of Wave C in Wave 4 has been completed. We can wait for wave 4 to bottom and long again. I don't expect price to climb much further. You can check the momentum at Weekly tf. Bearish momentum is obvious at weekly tf.

Comment:

I've re-checked the wave count with fibo projection using tf lower than 1H, the wave plot for wave 1 & 2 have been revised:

Wave 3 of 5 indeed achieved 113% (yellow fibo) of wave 1. Let's see where will be the plot for wave 4 base on the turquoise fibo levels. Once wave 4 if confirmed, we can forecast for wave 5 of 5 and double check the target with the white fibo levels.