Friday we projected a target of 1.5540 to complete wave-C of (b) of an expanded flat correction. The entire pattern from 11/14 is still lacking the final wave-(c) rally and in this pattern, wave-(c)’s unfold as sharp impulsive moves. We expect a minimum move to above the wave-(a) high at 1.5826 but a textbook rally would carry to 1.5918 where wave-(c) equal 1.618 x wave-(a).
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