DislikedMorning, My euro count. Wave 5 has filled 61.8 of wave i & iii (185 pips). I'd need to see an hourly close below wave iii highest close @ 1.3250 before I'd entertain thoughts of this POS finally topping out. 100% wave 5 target @ 1.3350 is at risk until then. {image}Ignored
Hi Big,
yep, that is one scenario. But as I described in my prior posting, I would not be surprised to see a downswing stalled at around 3184 with a new HH after that (it would fib-better).
When we look at weekly or monthly, the last downswing from 34x does not look like an impulse. And even on daily, without looking at the squiggles, it looks more like an ABC. If that is an impulse, something does not fit: the wave 4 was not high retracing, nor was it long lasting. Rule of alternation would require a wave 2, which retraced deep and eventually lated somewhat longer. But we do miss such a wave 2