I believe we have finished off wave e of 2, I would of liked to see price get up to upper around 1.618% of wave a 1.37818 but we saw good resistance at .3770. We have made some LL and have had a of wave (1), look for more downward movement to follow and hopefully momentum to pick up to the downside. Above 1.3770 would nullify this count!
Yes on 4 hour chart wave 2 can retrace 100% of wave 1. Also on the 4h it looks like it needs a wave C above the 61.8% mark. I am hoping that the lower pitchfork line will provide some resistance but if we continue upward a sell signal if price reaches upper Bollinger Band. I also want to see some momentum downward to signal we are in a larger wave 3.