 | |  | | Reference indications in attached chart
If 10/00 low 0.8225 is accounted as
1) the end of superwave { B }, the start of superwave { C };
Under the specification, moving from 0.8350 ----> 1.6037, could be specified as wave [III], in which the appearance of both wave III (0.8560 --- 1.2927) and wave V (1.1640 --- 1.6037) can be charactered as an extended wave that is an unlike situation in motive wave development.
If taking this specification as true, falling from 1.6037 is going to form wave [ IV ], which likely constructs
a) a flat correction pattern, or
b) a triangle correction pattern
Either 1.2453, or 1.1825, could be the low price of subwave 2 of extended wave V, and can be the support of current down side moving. Correction started from 1.6037 could be ended at theses levels,or at 1.1640 level, the low of wave [III]-IV.
2)the end of wave {B-A}, the start of wave {B-B};
Superwave {B} is going to form a flat correction pattern.
In this case, wave {B-C} is usually between 100% and 165% as long as wave {B-A}, which likely leads to falling started from 1.6037 ended within 0.95 -- 1.00, around the long term support line indicated by green line on attached chart.
Wave {B-C}, can develop either impulse moving pattern or diagonal triangle (either expanding variety or contracting variety) moving pattern, five waves structure.
In the case to develop the diagonal triangle moving pattern, which appears highly likehood,
around the level of 1.2450, could be expected to start upside moving correction, likely toward
a) ~ 1.3650 --- 1.3950, if to form contracting variety diagonal triangle (moving pattern);
b) ~ 1.4050 --- 1.4600, if to form expanding variety diagonal triangle (moving pattern). |  |  |  |  |
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