We're nearly reaching crunch time on deciding which way we're heading:
This up move could either be Wave 4 of a bearish count in which case for both legs of the zig zag to be equal we shouldn't go above 1.282 ish and above that 1.2875 which is the top of Wave iv of 3 where regular retracements normally stop. Currently it looks like the second leg of the zigzag has already completed 5 waves anyway. Further support for this count is the corrective shape of this move...Ignored
never into waves but you put it nicely here..i also have 2842/53 where this pair should be tested..for further should be rejected and experiance another test of the lows. if not..we still have a 2888/2930 to protect by the bears...if not..we are in the bullish scenario...i know thats 200 pippers rite there but still..
as was 2800 broken it can be reversed..i dig...but, till we are qouting this figures here i only sell. scalp but still i only sell.
Im building well behaved pigz..