H1: At 1.2887 wave Y is 61& of wave W. At 1.2800 :Y=W. So far FTC
hold nicely wave b up in three waves. Now we got:
– three waves down as wave c of Y is finished at 61%
– 1-2-3 waves down as we wait for futher waves 4 and 5 to develop full five wave
structure to the downside. It might even get to the 1.28000 level
The high/low that will be taken out first would determine futher price action.