The retracement in wave (X) (orange) could be over as it reached 61.8% of wave (W).
It unfolds in a triple three WXYXZ (yellow).
Y and Z are greater than W, which is healthy.
The target is the previous valley of Jan 2016 at $1.94.
At this target point the wave (Y) will reach the distance of 1.272 of wave (W), which is Fibonacci ratio.
It unfolds in a triple three WXYXZ (yellow).
Y and Z are greater than W, which is healthy.
The target is the previous valley of Jan 2016 at $1.94.
At this target point the wave (Y) will reach the distance of 1.272 of wave (W), which is Fibonacci ratio.
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