price could be at the late stage of wave (A)
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Daily
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one more wave up after the 'flat' correction?
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The recent low of 2.6735 on 19th July is very close to the 50% retracement level at 2.6675. Another solid close above 2.8670 could argue 2.6735 is the end of wave {c} of 4 and would signal further upside potential.
If that's the case, the minimum upside target would be to re-test the blue wave 3 high at 3.322 (on 28th December 2017)
If that's the case, the minimum upside target would be to re-test the blue wave 3 high at 3.322 (on 28th December 2017)
'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'
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