Looks like the first 5 down is complete and we are ready for a 3 wave corrective rally...time will tell!
Comment:
Looks like the upward correction is going to be larger than Initial estimates. You can see that a small 5 up (a) was followed by a small 3 down (b) and now the initial wave of the next 5 up (c) is forming.
(a) was .0888 tics so, if (c) equals (a) in length then expect the upward correction to end near .9537. That would be a deep retracement ending at 2 circle.
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(a) was .0888 tics so, if (c) equals (a) in length then expect the upward correction to end near .9537. That would be a deep retracement ending at 2 circle.