The overall pattern has great bearish potential, but be aware that wave (2) or (B) could be more complex and time consuming.
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no significant changes so far
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alternatively, grey wave {a} could be wave (i) of {a}
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wave (c) of {b} retest lower trend channel line support?
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Short-term count
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wave (iv) should not end within the price territory of wave (i), so any close below 1.95562 would invalid the wave count in grey (second chart).
wave (iv) should not end within the price territory of wave (i), so any close below 1.95562 would invalid the wave count in grey (second chart).
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'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'
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