While the start of Wave 5 has been established, a correction triangle pattern has emerged. This is a repeat of the Wave 2 correction pattern. There is not a lot of room left in this pattern for the final 5th leg, so expect it to be flat until the end of tonight preceding the breakout.
You can follow me @ExsiliumI for updates to this analysis as they happen.
You can follow me @ExsiliumI for updates to this analysis as they happen.
Comment:
Bullish Confirmation Triangle has broke to the upside as expected in the time-frame predicted (on Twitter @ ExsiliumI). I see some analysis by others looking at 1.07-1.08 as a target. I dont agree as that level was only resistance once, not confirmed multiple times like the 1.20-1.23 level as noted in my previous analysis.
Comment:
Subwave 3 of this wave 5 target could be 1.01. If your frisky you could try to scalp wave 4 there.
