Currently, in wave 2 of correction, the cycle is lower and therefore has less weight. But in the higher cycle, the floor is confirmed.
The corrective wave 2 of the higher cycle can correct up to 23% of the Fibo of the previous wave, which is the range of 1.0078.
Therefore, I expect that the bottom of wave 2 will be closed in these areas. The credit level was also announced in the previous post that the bottom of the previous wave is in the range of 94 cents.
The corrective wave 2 of the higher cycle can correct up to 23% of the Fibo of the previous wave, which is the range of 1.0078.
Therefore, I expect that the bottom of wave 2 will be closed in these areas. The credit level was also announced in the previous post that the bottom of the previous wave is in the range of 94 cents.