Today lets take a quick look at the futures (which never got as low as spot)
We can see
1) Double bottom on 1.886
2) Locally (red count) wave 5 hit 4.236 and wave 3 2.618
3) Intermediate (yellow) looks like truncated 5th
Conclusion:
A) As long as no new low is set, chances are high to break the downtrend and get at least a relief rally
B) A new low will ultimately trigger a 5th major wave (white count) down targeting 2.618 down there
Hold my beer pls
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No financial advice, do your own research, don't be stupid
We can see
1) Double bottom on 1.886
2) Locally (red count) wave 5 hit 4.236 and wave 3 2.618
3) Intermediate (yellow) looks like truncated 5th
Conclusion:
A) As long as no new low is set, chances are high to break the downtrend and get at least a relief rally
B) A new low will ultimately trigger a 5th major wave (white count) down targeting 2.618 down there
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
