Morning traders , i m currently stalking the end of this very extended move up before we move to at least a correction , i believe we r currently in the final 5th wave up and we could see some ret. during this week , i m watching this possible 5th wave count as i expect a push high to the 8850 resistance level to complete wave 3 of the 5th wave and then a minor ret. before the final push up ,, the last push will be the 5th of the 5th which might come so brief and might end in the 8880s area up to the 90 level which is the final level of resistance i m seeing to cap this trend , its very unlikely for me to see the trend pushing through this resistance area without a proper at least 200 pips correction , so i ll be trying to catch the top here when i see some evidence of proper wave 5 completion
Are you thinking that this will be a retracement down to .8570 (which is 38.2) or lower? before completing the movement up?
ReplyDeletecheck my recent blog post , u m showing the possible 2 levels to make this correction valid and extended enought for me ,, the 38% and the 50%
ReplyDeleteplz check the recent 2 posts , they have all the answers
and kindly take 2 minutes to register and follow the blog
thanks