Primary Structure: Bullish Impulsive
Primary Trend: Bullish
Current Wave structure: Double Three in blue wave "ii".
Expectations:
The rise from the low of blue wave "E" can be counted in five waves as blue wave "i" followed by a double three correction in blue wave "ii" which tested the 78.6% Fibonacci retracement level. The rise from the low of blue wave "ii" was very expected. We believe that a new may complete the red wave "(i)". Alternatively, if the price fails to make a new high a drops significantly then the red wave "(i)" may be considered completed earlier.
Recommendation: Wait for the confirmation.
Previously :
