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...
