I think we're in Wave 4 of large Waves.
Wave 3 retraced perfectly to 0.382, wave 4 has gone a whick down 618 and now is at 618 retracement
Calculating end of wave c bases on 1.281 of wave 1 also points out the current price (1.40) as end of wave C
It has also been a previoues resistance level
So I think we should go long for wave 5
wave 3 was smaller than wave 1, so wave 5 should be even smaller
Wave 3 retraced perfectly to 0.382, wave 4 has gone a whick down 618 and now is at 618 retracement
Calculating end of wave c bases on 1.281 of wave 1 also points out the current price (1.40) as end of wave C
It has also been a previoues resistance level
So I think we should go long for wave 5
wave 3 was smaller than wave 1, so wave 5 should be even smaller