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You are already going south very fast, but what about 1.42?)))
Will we go below 1.35 right away?)
After the correction... and very well...
Probably already finishing the momentum and into the correction.
The New Zealander is going to kick back...)
After the correction... and very successfully...
Well, we'll see about that!
Michael, why do you think we are now in an impulse wave, since there was already an impulse before that?
I dare to make a prediction on D1 - we are going down to the strong level of 1.30000.
1.05... it was written before... by the summer of next year...
Here's what will happen on the daily - the first correction is just on the border of the monthly channel...
The weekly TF shows that the downtrend reversal is on the border of the 4-month channel, the time of the end of the trend is early summer...
Michael, why do you think we are now in an impulse wave, since there was already an impulse before that?
To answer briefly, look at the weekly chart, the zig-zag a-b-c. (At the moment it has already been formed, how it is transformed and in what and whether it is transformed at all, it does not matter now). The zig-zag formula is 5-3-5. Consider the last 5 of the formula, on the daily chart. (1) and(2) are there, (3) is there, (4) is forming, but where is the 5-wave? That's it.
On your chart (4) the wave is not marked correctly.