Breaking down the 5th wave on the 4hour chart, shows how prices reached the 200% extension of wave 1 from low of wave 2. This seems to confirm the daily wave count that we are in a wave 4 of 5. Downward target is @ 14050 area and high wave 5 target remains @ 15077. I would expect the latter reach said level in divergence. Maroc is weak both on the daily and 4 hour chart suggesting momentum is gone.
Trade chiuso: obiettivo raggiunto:
Target reached. I'm collecting my chips. No signs Wave 5 is over yet.