The proposed wave count on this 15 min chart is
derived from the Dly count of EWI and the 8hr chart
of EWSurfer and points to a potential top in the 101.30.40 area.
Should this only be the start of another extension the risk seems
low to find out. Picking tops is rarely a smart trade, but ~~~~
This one seems to be coming together rather nicely, so,
a low risk attempt seems possible.
If the candlesticks do not help or the RSI
does not diverge, as it should in a v th wave, I'll stand aside.
derived from the Dly count of EWI and the 8hr chart
of EWSurfer and points to a potential top in the 101.30.40 area.
Should this only be the start of another extension the risk seems
low to find out. Picking tops is rarely a smart trade, but ~~~~
This one seems to be coming together rather nicely, so,
a low risk attempt seems possible.
If the candlesticks do not help or the RSI
does not diverge, as it should in a v th wave, I'll stand aside.