Disliked{quote} I did not say this is a reversal. Did you read all my posts today? I indicated 0.938x is the next support. The map indicates this is wave IV. this means wave V is next. It could be a double bottom or may be not. When taking the EWP into the consideration, I think the bottom has been forming. Are my reasons serious enough to you.Ignored
another thing: IF the price reaches the level you have drawn (0.98x), there will be a high probability that the trend was reversed a long time ago and less probability it will ever come down to 0.95x from 0.98x.
basically what i understood you are telling us that there will be bounce at around 0.952x and it may jump up 300 pips and than it will fall 500 pips from there (because you are waiting for wave V)
As Above, So Below