Quite confusing. Yes-no-yes-go-don't .... I think it's in wave c of (b) near completion. (?)
What I'd like it to do is drop to the 1180-88 area to form wave Y, possibly truncated, i.e not the full length, or even as low as 1176, with a third attempted tap on the upper 0.382 of the minor fork. That's how I had the labelling 12 hours ago. Or Y turns out to be a smaller version of W with a second tap on the upper edge of the minor fork, with a low about 1186?
If it clears 1209 at the top of what I've labelled X I think forget that. Then we can label W as (c) as I originally had on completion of an a-b-c-d-e triangle since triangles usually form on the last wave of corrective to the larger degree, in which case we can label X, (i) : maybe (?)
In favour of one last drop down, both crude and the EURUSD look as though they need to correct down also.
What I'd like it to do is drop to the 1180-88 area to form wave Y, possibly truncated, i.e not the full length, or even as low as 1176, with a third attempted tap on the upper 0.382 of the minor fork. That's how I had the labelling 12 hours ago. Or Y turns out to be a smaller version of W with a second tap on the upper edge of the minor fork, with a low about 1186?
If it clears 1209 at the top of what I've labelled X I think forget that. Then we can label W as (c) as I originally had on completion of an a-b-c-d-e triangle since triangles usually form on the last wave of corrective to the larger degree, in which case we can label X, (i) : maybe (?)
In favour of one last drop down, both crude and the EURUSD look as though they need to correct down also.