While I was not initially inclined to count 1.606 as a significant low, the green count off that low remains valid, and price could extend higher than the targets I've indicated IF 2.07 high (at "alt (iv)") is taken out.
On this continuous contract, price has already broken above the "alt (i)" low of 2.039, making the alt (iv) white count seem less likely except as an expanding Ending Diagonal. If that's the case, then an a-b-c move to alt (v) is possible, though not annotated on this chart. So, my white count to new lows does not look much likely, but potential remains below 2.069. Ultimate target for wave (v) is based on Fibs measured from the alt (i) - (ii) in Jan and have remained unchanged since then.
On this continuous contract, price has already broken above the "alt (i)" low of 2.039, making the alt (iv) white count seem less likely except as an expanding Ending Diagonal. If that's the case, then an a-b-c move to alt (v) is possible, though not annotated on this chart. So, my white count to new lows does not look much likely, but potential remains below 2.069. Ultimate target for wave (v) is based on Fibs measured from the alt (i) - (ii) in Jan and have remained unchanged since then.
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nick.holland78
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