In case the 3rd wave finished and we are in 4th of 4th -> target will be between 1.2815 and 1.2901
then a new low.

There is no divergency on the top.
Possible top C. Waiting.

I am expecting expanded flat in 4th wave (the current wave) breaching the theritory of wave 1.

The cable is making WXY. Presently in X. Sell preferable.

Just sold

The present situation.

The top of the 3rd wave is not reached yet. Presently we are in 4th wave of less degree.
I suppose 1.1020 vicinity will cease the bears" ideas for developement.
A new top to take place after that.

The cable should answer a lot of questions...
1/ Wave 3 is shorter than wave 1. Of course if wave 5 is shorter than wave 3
everything will be ok and there will be impuls of 5 waves with longest the 1st one.

On 15 min frame clear bullish impuls structure is visible. The next wave is still "a" but very deep retraced and close to the begining of this impuls therefore  consider it "a" wave.
Further my expectations as drawn.
Sentiment is still neg...

MACD still in negative area, but some part (or full) of 4 already done.
MACD climbing over 0 will give new Fibo levels to sell. 38,2% Fibo  - 1.3069 will be perfect.
The target is a new bottom.

2nd wave was an expanded flat hence expecting the 4th to be zigzag abc. Presently most probably in c. After 5 wave down (c, the final leg of 4th) a new top should take place.
The present Fibo targets:
My expectations are 106.70 vicinity wh...