The attraction of this is that 1.045 to 1.103 is 1.618 the length / extension of wave ii of (iii);
then 1.103 to 0.98 is precisely the same 1200 pips as 1.2499 to 1.3699, what I think may be wave i of (iii).
Also according to EW theory if wave 2 is complex (in this case a flag) wave 4 is simple.
Plus it's completed a perfect little motive wave over the Asia session.
then 1.103 to 0.98 is precisely the same 1200 pips as 1.2499 to 1.3699, what I think may be wave i of (iii).
Also according to EW theory if wave 2 is complex (in this case a flag) wave 4 is simple.
Plus it's completed a perfect little motive wave over the Asia session.