USD MXN last wave length is first wave length or ,0.618 of first wave.
If gold comepleted five wawe, maybe we can wait C correation wave
Firt level 1.85000 Second level 1.95500 ***There may be appreciation in minor currencies after excessive monetary expansion. Breaking the trend.
* If you pull fibo from 11 May 2011 to 9 March 2020 summit The 5-wave A drop at 0.382 seems over. * Then we completed the A rise and B decline. * C rise will be up to 101,700 either double bottom Or the critical the level of 93.780 will be completed there. My expectations are in this direction.
There are double top can be formed as trend return formation. It seems as though the 5 thrust wave has ended. I hope an ABC correction will come after the bullish wave. This movement from A to B and B to C can be interpreted as a streamer movement. When 2-top and streamer targets are taken, the target corrects 0.382, that is 0.618.
Here, the price seems to have risen in a narrowing wedge. The price is about to break the trend. Nothing much, we'll watch.