Looking for a harmonic move to the target of completed AB=CD pattern, suggest a move up 1,3883-89, a projected c-point in smaller wave down and Daily PP. Still as long as the low at 1,3830 is intact, price could proceed higher and taking out of top and look for an extended D point, projected to the 1,618 extension of CD leg. Yet again, the sharp move down yesterday, suggest a taking out of the ,13830 at lest, which would complete the Mini target of the ABCD at 1,3826, (the 3/8 fib of CD leg).
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Ozayevable
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agreed 110%. think we will see a fair amount of correction before resuming towards 1.40-1.45
CapMoore
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Agree, general trend is up and this will be a meaningful correction in the larger tf.