Watching to see if wave B locates its low above 109.30

29 thg 5, 2018

There no evidence wave (v) could have bottomed at the 110.00 session low. Trade above 118.95 is required to give us preliminary evidence. If further downside remains, 109.27 will need to hold to preserve the wave B count. If breached, then it would call up the Alternate wave ((4)) triangle scenario. Under this view, downside is limited to 100.20