Disliked{quote} Yep, elliott waves et al are often fine but when you look at them they are really an implementation of many other factors all chucked in together and presented in pretty packaging. And, of course, when you refer to waves, you just know that peoples' eyes will start to roll. That's why I thought that basic mathematics and a fibonacci relationship might be more acceptable - especially in this case. FYI, any eventual sustained break much over about 170 takes it to the next step which is (1650 x 3.618) + 125.6 =177.5. Just by sheer coincidence...Ignored
In the major A B C correction following wave 5
ETA...the target was 101.59 for the start of "B".....the UJ hit 2 pips away....