Looks like Po.et is in the middle of wave 5 of primary wave 3.
I'm inclined towards this count because the wave 4 area didn't dip into the wave 1 territory, and wave 3 hit very clearly the 1.618 ratio from wave 3-1.
At this junction, I think we can expect Po.et to rise as high as 0.00011297 since that would be a clear landing spot after wave 3-1 hit the 1.618.
This count would invalidate if the price were to drop below 0.00007862 (as that would be wave 4 falling back into wave 1 territory).
Entry - 00008662
Stop - 00007862
Risk - 000008
Exit - 0.00011297
Reward - 0.00002725
RR = 3.335
I'm inclined towards this count because the wave 4 area didn't dip into the wave 1 territory, and wave 3 hit very clearly the 1.618 ratio from wave 3-1.
At this junction, I think we can expect Po.et to rise as high as 0.00011297 since that would be a clear landing spot after wave 3-1 hit the 1.618.
This count would invalidate if the price were to drop below 0.00007862 (as that would be wave 4 falling back into wave 1 territory).
Entry - 00008662
Stop - 00007862
Risk - 000008
Exit - 0.00011297
Reward - 0.00002725
RR = 3.335
Comment:
This count may still be valid, but it's current corrective cycle is taking it's merry sweet time.