to the 50% fib. level (in pink) or the highly expected upward move to blue
to make a nice corrective channel. (pink)must stop at 1.3691 to keep
pattern validated because wave 3 must not be shortest wave for this pattern.
Likely scenario is Black wave count giving similar upside potential but reaching .618 fib.
time frame likely to go to January. If not already long may wait to short big ride down.
Long above 1.3313 risk 120 pips from present price reward 400 pip potential 3.3 to 1