However now comes the first motivation for the Monthly Bears - the 61.8 of first impulse wave at 117.68
This last spike on 900 ticks already points there on first impulse.
So, to really ends there must do some rectifications specially on 2nd impulse (900 ticks).
Anyway one possible setup will be this one IF target is really 117.68 - very probable indeed.
Please be aware that:
- These points could overpass a little as long as the impulse will be there, usually on a 4H or Daily UTC server.
- Please note that I am only predicting where things happens, not when, because that really depends on others factors such as the agreement of all major sessions - London, NY and Singapore - and also on Events, the fast/slow motion tool.
- Also those points/targets are not random or just imagination, they are in fact result of my calculations based on wave counting, measurement and convergence on very high timeframes starting from weekly charts up to yearly.