Microwave 4)c.1:3iii.iii has broken the support at 13450, 1490, 2774. A 300-500,30-50,60-100 points correction is in the making.
Y needs 3 waves an (a-b-c) to complete that pattern.. That 61.8% ext would fit an a wave target Careful of the possibility of a truncated v on the 5 min frame
A cleaner count into that low point of 1487.5 Targets for b waves are always 50% ball park for a flat.
Absolutely! Now we let the market tell us what it wants to do here in the final hour . . . heading to 1506.60 or 1511.15, or are we gonna collapse into the close targeting 1464?
I do like EW I'm open to this But as usual I'm don't have a bias, if it breaks 1491 then its chocks away to the down side..