This is an update of the chart posted on 23rd of November (see related).
We got the first small impulse up followed by correction = wave 1 and 2 of big (5).
It means that the big 5th wave would be extended.
I applied Fibonacci levels to measure the target.
Rectangle depicts the target area. But the price could exceed it to touch the upside of the trend at 1.28 mark.
Blue zigzag shows the possible path.
Invalidation below 1.1553
We got the first small impulse up followed by correction = wave 1 and 2 of big (5).
It means that the big 5th wave would be extended.
I applied Fibonacci levels to measure the target.
Rectangle depicts the target area. But the price could exceed it to touch the upside of the trend at 1.28 mark.
Blue zigzag shows the possible path.
Invalidation below 1.1553
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Minimum Target Was Reached
