Look as thou we have a completed c Wave which created a 5 wave structure of smaller degree, i'm expecting the price to start dropping down to the bottom of the channel.
i'm looking for a much larger correction to complete the C wave in the price area of 141.88700
looks like the instrument has wave 1 of the fifth and following the trend channel and above the 288EMA. i am expecting the price to rally up to the 8700 mark in the next couple of days.
we have a full 5 wave price advance followed by a a 3 wave flat correction completing around the 4th wave support level. if my prediction is correct, we should complete a 5 wave of larger degree.
looks as though the instrument is completing the C wave of wave 2 of cycle degree. i would be looking for positions around the 1.10550 price.