This is fairly clear wave count. Each retracement took about the same amount of time. It appears we are completing the end of the 5th wave(estimated blue path)
Although right below the current price, we "can" say 5 waves are complete.
In the green rectangle is a fair value gap. I'm assuming price will pass through this area toward 4.34%
4.34% is the .786 fib of wave 3 fib retracement and my estimate where price corrects higher.
Although right below the current price, we "can" say 5 waves are complete.
In the green rectangle is a fair value gap. I'm assuming price will pass through this area toward 4.34%
4.34% is the .786 fib of wave 3 fib retracement and my estimate where price corrects higher.