But for now it looks like the market is in the process of completing a .
Because wave A is a 3 wave advance in a formation, that means that this correction should
take a flat formation. The min. target for a wave B in a flat is 70 retrace of wave A.
This could also be a triangle, but it more likley a flat due to the time it took to complete this 3 wave advance.
We may have made a top in the pair,
but if not, then we shall see an top very soon.
Double divergence; between wave A and C and wave 3 and 5 within wave C.
Wave 5 of C was an . Look below for more charts.