I MENTIONED EARLIER , THAT THE ADVANCE FROM LAST MARCH LOW AT 1.0635 TO JAN 2021 HIGH AT 1.2349 WAS A FIVE WAVES UP RALLY AS WAVE (1) OR (A), SINCE THEN CORRECTION HAS BEEN TAKING PLACE AS WAVE (2) OR (B).
AS WE CAN SEE THE CORRECTIVE WAVE MOSTLY LIKE A ZIGZAG PATTERN , AND THE THIRD WAVE IS STILL IN PROGRESSING, MIGHTBE HIT AT LEAST 1.1090 LOW
I DO THINK THE FOURTH SUBWAVE (ORANGE) OF THE THIRD(CIRCLE GRAY) WILL NOT OVERLAP WITH THE 1.1524, OTHERWISE THIS SCENARIO WILL BE NAGATED, BUT I DO THINK THE MOST LIKELY FOURTH SUBWAVE WILL BE A TRIANGLE AND THE WHOLE CORRECTION IS COMPLETE AT 1.0820. MOREOVER THE BULLISH ALTERNATE BAT PATTERN WHICH IS COMPLETE AT 1.0820 BOLSTERS THE IDEA, THAT THE CORRECTION WILL END THERE
EVENTUALLY DONT FORGET , THE SECOND WAVE WHEN IS ITSELF A ZIGZAG PATTERN MOVE DOWN INTO THE AREA OF THE SECOND WAVE OF LESSER DEGREE(LOOK AT THE RANGE OF 1.0776-1.1144 INTO THE CIRCLE ON THE LEFT SIDE AT THE BOTTOM OF THE CHART
