Hmm, I probably won't get any brownie points for this, but hey reality is what counts.
After reaching my $1.168 target, it now looks as if the high for this wave is in and that the pullback foreshadowed is actually taking place. So the question is, if correct where will we find the next low or should I say the next higher low be?
I thinking a relatively shallow retrace could do the trick here. So as indicated before the logical thing would be to back test the Re-Accumulation breakout line at $1.03. Fibonacci would suggest about $1.045 or even a test of the magic $1 mark.
However as I mentioned before the next low IMCO is simply the starting point for the next leg up. So in reality I'm looking forward to that point in time, because it will allow for further projections towards any future targets within wave iii up and 5 up for (5) up.
New TA/Charting, page-5767
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