So, 5 waves on M5.. eiither wave A or wave 1 or cF top and retrace could follow.. Good trading!
On M5 this is ZZ or 123 but...my bias is Long but new Low is acceptable.. Good trading!
I expect one more push up but exceeding 1,12021 could mean we are due North.. not going into new high, well ED could be in play.. Good trading!
On M15 we already could be in 5th of ED, so last ABC and throw over.. Good trading!
either ED for wave C or Flat as wave b (black).. I like second more because of timing.. Good trading!
Here is another possibility for long.. last peak could be 1 of an Impulse or maybe a of ED..whatever, break above 1 could be lucrative.. Good trading!
this weird Flat as long 1,1115 holds..we aupposed to be in zigzag blue bFlat.. Good trading! ps even if we go below not neccessary means we are short... fast pullback would negate new low bur odds are not good for such development..
Here is how I see it.. Today is USA GDP and inflation expectations..what if Inflation expectation would be big disapointment? Whatever, we supposed to be above 1,12958 peak latest Monday morning but I expect we will be there today..maybe just before GDP... Good trading! ps I saw this structure yesterday and in the morning did not include it to be seen, sorry..
Not even break of 1,11041 is impossible.. in this case Flat as wave Y COULD BE developing or there would be AFlat point. I really do not like such outcome because of last structure to upside.. thats why my call is move above 1,12958 into either BF or 2ED.. BUT if we get clear ABC to downside (pullback and one more low) ED could be already in play.. but such...
Shark usually works faster so I woulnt be surprised if we get Flat for bF? (red label).. Good trading! ps or DZZ!
IF we drop below 1,1191 we supposed to be short, very probably into cFla as correction.. Good trading!t