running double three (next target 7.54)
A running double three (W-X-Y) was noticed on the USDCNY chart. A minimum of 2.618 times of wave 1 from the end of wave 2, (end of Y) will be the next target price for USDCNY at 7.54. The target price can be higher, it all depends on how the impulsive wave 3 unfolds.
wave c of the running flat (abc) of wave Y, may stretch further but it has sufficed a 0.618 times of wave a. A breakout over 7.28 will signal the impulsive wave 3 has begun.
wave c of the running flat (abc) of wave Y, may stretch further but it has sufficed a 0.618 times of wave a. A breakout over 7.28 will signal the impulsive wave 3 has begun.
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