The move down is not yet reaching the price split one to one target of 1.134
It is not going sideway forming some kind of flag or triangle.
Hence am still waiting for another new low before looking for long
Previous view was smashed and we are back to the drawing board.
Monitoring price action on GU closely, will like a strong push up and see the reaction of price
If price manage to hold above key levels, bulls could be back in control and a possible new high
USA might announce new measures which may help in this view. Work in progress.
Will like to see price touching at least 50% region
However, mr market always win, price is king
If price break above resistant line, most likely will see price going even higher
Work in progress, waiting for breakout and retracement to load longs
The show started after the 5 waves up sequences completed.
Am looking for at least 50% region for the test, strong move below will suggest the entire move up is part of a corrective wave C instead. KIV