All 3 possibilities in one overview. Looks like with today`s action GDR is heading to the shorter sub-C wave completion before it moves up.
I would expect a double bottom at 0.45 and 5th wave truncation. The point would be to create a bullish divergence on the Daily.
Dont exclude the WXY version yet, we might not see 0.45 again and bottom was done already. Current action could be start of the larger C wave with sub 1-2 in the making.
I keep my longs, it is a great entry value here, and if drops to 0.45 or below it is a buy with both index fingers.
I would expect a double bottom at 0.45 and 5th wave truncation. The point would be to create a bullish divergence on the Daily.
Dont exclude the WXY version yet, we might not see 0.45 again and bottom was done already. Current action could be start of the larger C wave with sub 1-2 in the making.
I keep my longs, it is a great entry value here, and if drops to 0.45 or below it is a buy with both index fingers.
