Stag
Sergeant
- Messages
- 206
...Guys, it is just ~70 pips and the alternate ABC scenario we discussed yesterday still won't be ruled out from there...
Our extremely weak five waves up followed by a sharp reversal has negated the initial 12345 scenario I was considering and confirmed the alternate ABC count instead.
My focus has switched to a wave 2 correction unfolding from the 1.2446 high. A typical wave 2 is taking the form of a zigzag and it looks like its a-wave having unfolding as an impulse. The pattern is still in its early phases but later I want to see a b-wave rally back to the 1.238x area while the equality projection for wave c stands around 1.226x.
The situation has become extremely exciting leaving the door open to new scenarios.