When this pair moves into those predicted areas (or waypoints) in the coming days, it implies that the wave count of this expanding diagonal wave (c) is valid. Then, will be setting up to buy at the termination of correction iv, on the advance of an expanding range of zigzag wave v.
Sell at the termination of the expanding diagonal c for max. thrust & limited-time down
This pair completed wave 4 of the ascending expanding diagonal c on the 23rd of December right on track, thus forming a bottom line invalidation level for the 5th wave zigzag advance. From here, a setup on minor retracement is pending, target towards the 5.9000s
Setup for long on retracement & completion of wave {iv}
A long setup with Reward/risk > 10 ?
Setup to ride a corrective advance wave b towards a higher high - based on the EW guideline of a retrending wave b within an irregular (expanding) a-b-c flat correction wave {iv}.
Typical complex (a-b-c 3-3-5) wave 4 correction is coming to a close and will be retraced - setting up for a wave 5 from the extreme bottom with min. risk & max. gain towards a new high.