Seems that Wave A or 1 down finished at 29.24(being a 1.37 drop from 30.61).
Since then we had a a-b-c correction as follows:
A 29.24 to 29.90
B 29.90 to 29.65
C 26.65 to 30.29
In the Correction A=C at 30.31 which was also is the 78.6% retracement level. If it holds then downside of a minimum of 1.37 is expected in next downwave.
This holds if critical resistance at 30.30-1 is not breached to the upside.
My opinion only.
Maybe Ultra could give his views, would be much appreciated.
Regards,
noip
Bought some puts today.
Seems that Wave A or 1 down finished at 29.24(being a 1.37 drop...
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