As predicted we got rebound @47.4 ~.61 fib.
Short term outlook is harmonic Gartley. Black arrows.
The rise from 47 was somewhat low volume which indicates potential short term reversal taking into account the very probable Syria scenario for Saturday. I expect a short term reversal @the top blue line channel between 54-57. If this happens we get the harmonic...
previous targets 63.5 were reached, the bullflag stopping @ 1.61 fibonacci.
Now most probable fall is same as before @47.5 coinciding with the 50 &100 ema. But we could have a ping pong in trend range( blue lines) or inside the support/resistance 38-61 fib. If this support fails then 43.6 is the lowest level to watch for reversal.
The longer trend excluding a...
Both can materialize
The complex target is @ mid channel and looks more probable in my opinion at the current levels of "excitement"
We will see soon enough if it falls and bounces back for the inverse HS to take place.