Stays in the channel or breaks? Anyway, it's a reversal pattern
1.after a flag to climb directly 2.or make a way down to 104.5 and then climb violently
if ABC is over, then we are in wave 2 corrective. Long way down ...
Around 200 pips
there are two possibilities 1. The correction is over and goes up. We will know when he touches 85 2. Correction is not over and makes a road to 83.7
wave 4 of the last wave up wave 5 superior?
There are 2 scenarios: 1. We are in wave 5 and then it is not allowed to cross the red line 2. we are in an irregular correction and then we are in wave c of wave B and can still climb Conclusion: In both cases there is a downward move of 1.155 target, but we do not know if the up movement is over ...