Looking for 112.50 in wave C of Y of {B} before higher in {C}, I am looking at a possible triangle on the larger time frame. the dropin wave A sent the RSI to below 20 before spiking up to resistance at 62. I will be looking for divergence above 30 on this C wave down for a possible long.
Wave (D) of this triangle could be complete and we would see a small pullback before a final spike out of the triangle toward 106.00. The count I am showing calls for a few more days of consolidation befor the spike out of the triangle.
Wave (I) up certainly looks complete and I will be looking for a 3 wave move down to 1.05 area for wave (II). That could be a good place to be long for wave (III) up.