As we can see in this chart after the first strong down side movement since the 4.64 the price have been stocked with what seems to be a standard flat, and where the b wave is near to it's end (unless its 5th wave extends)
Therefore (and confirmed by the base channel as far as now) is logical to expect that after a new visit to the lows near the end of wave 1/A the price retraces over the a)) wave highs arround the 4.00 before a new decline appears.
This is interesting at this point because the cooper has been saw as indicator of the health of the economy.
Therefore (and confirmed by the base channel as far as now) is logical to expect that after a new visit to the lows near the end of wave 1/A the price retraces over the a)) wave highs arround the 4.00 before a new decline appears.
This is interesting at this point because the cooper has been saw as indicator of the health of the economy.