Daily Elliott Wave Count
As we were expecting since Sunday and confirmed 2 days ago, the impulsive movement to the down side was underway and with this strong decline expressed a strong and clear longest 3) wave, we are near the 261.8% wave 1 extension which is common projection, as we expect an even longer move for this wave 3)) we do not intent to take profits at this point, just be prepare for a 4) wave retrace.
If the end of this wave 3)) do not get considerably lower than wave 1)) we will need to lower the degree of this entire movemen from 103.70s
As we were expecting since Sunday and confirmed 2 days ago, the impulsive movement to the down side was underway and with this strong decline expressed a strong and clear longest 3) wave, we are near the 261.8% wave 1 extension which is common projection, as we expect an even longer move for this wave 3)) we do not intent to take profits at this point, just be prepare for a 4) wave retrace.
If the end of this wave 3)) do not get considerably lower than wave 1)) we will need to lower the degree of this entire movemen from 103.70s