In this variation, I plot the blue ABC correction of the entire falling stretch since January 2021 (1.23491) to September 2022 (0.95356), which is expected to rise above 0.618% = 1.12743 and reach 1.13835.
As in Variant 1, the target should be reached by July (August at the latest).
The red b can correct the red a either 0.38, 0.50 or 0.618%. That remains to be seen.
The trend would not turn bearish until Weekly closes below 1.06994.
As in Variant 1, the target should be reached by July (August at the latest).
The red b can correct the red a either 0.38, 0.50 or 0.618%. That remains to be seen.
The trend would not turn bearish until Weekly closes below 1.06994.
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BIG PIC
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All 3 specified levels have been reached.
(yellow circles)
(yellow circles)