Hi, we are in a corrective structure with the first move being and impulse and the ending wave with extensions of 5 waves.In simple words wave C gonna have 5 waves that is aprrox the 61.8 fib level.
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Guys I will be posting more once it completes this formation.
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Guys watch for price action at the bottom.
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the pair is as smooth as butter
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has more potential to the downside
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melvinljw
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Corrective waves are 3, and implusive waves are in 5. That makes the 5-3 Elliot wave theory. You might want to recount again.
AltafPalwala
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@melvinljw, may be i was looking for C wave extension my friend.Don't take it personally but i have a link for you its very helpful my.elliottwave.com/ goodluck