Wave 4 terminated beyond the 0.382-0.500 of wave 3 at the 0.618 fib retracement. Wave 3 of 5 is under way, traders should look to trade the corrective wave 4 0f 5 but there will be limited upside.
Clear Wave count to the upside, with wave 4 developing, traders should be looking for a A.,B,C or complex correction to terminate at the 0.382 - 0.500 fib retracement of wave 3.
