Just had a look at today's action, aggressive buying to 2.6c and met with aggressive selling back to 2.3c.
My thoughts are that we've just seen waves A & B and C is still to come so I reckon it's not done corre
cting and could still see a retest of that zone I pointed out.
I think this is a wave 1 and wave 2 usually puts in a deep retrace to 0.618 - 0.786 of wave 1 which is 1.9 and 1.7.
September is typically the worst month of the year so this needs to be taken in to account also.
Battle of the bulls and bears...
SER Chart, page-145
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