The neat thing about it following now into a wave 3 of what could become an is that wave 3 ends in equal time to wave 1 on the next FOMC. The crucial September.
What do have is an abc followed by what seems to be an abc, and the only occurrence of that arrangement after a wave four is an .
(I've just penciled in the most current abc, and intentionally 'up labelled' the possible 1-5 ending wave to make it clearer.)
If it goes substantially higher from here, forget this suggestion and I think we can go with an equally likely much larger B wave, taking it possibly up to the 1.21 area.
But so far, I quite like this 'equal time' idea giving rise to some kind of proportionality.
And the target price 1.0234 or thereabouts would give it equal length to wave (i) in my red alt-count