we might rebound up in the yellow area . we have a double 3 correction WXY of 2nd wave of 5th .
we need to observe for trend change with a green candle with break up a resistence .
If the price Invalidate t means we still in 4th wave . Best luck
Wave A is expanding Leading Diagonal .
Wave B is a traingle .
Wave C is impulsive targeting the yellow area possibly .since wave B was a triangle
, I am expeting only a single ZZ with this c wave that most likely To end around 7-6-2017 .
Wave 2 was Flat and toke 68 days .
Now we got MACD negative Divergence and traded below MA50 days .
wave 4 expected to be sharp correction ZZ type that can target 19591-19109
and we still have about 25 days or more in this correction .
afterthis we will go up in 5th wave with a new high .
after this sort sell . Im expecting US dollar to go up sharply for 1 reason :
wave 1 and 3 are not extended and wave 5 should be extended that can reach 108 and above .
at this stage all currencies against dollar will go down .
keep an eye on this