The weekly Bullish count is looking for a 3 wave move down to complete an "e" wave of the "b" wave triangle. After the triangle completion the pair should have a pretty strong move up to the 1.15 area.
The 1.15 target area has three measurements that complete in that area. (Y) = (W), c = a and the width of the triangle.
A break of .94439 would invalid this triangle count but would still leave the possibility of a larger c wave to complete before moving higher in d. A break of .90719 would eliminate the triangle all together.
Note the triangle in the RSI. This should give clues as to the bounce and direction.
The 1.15 target area has three measurements that complete in that area. (Y) = (W), c = a and the width of the triangle.
A break of .94439 would invalid this triangle count but would still leave the possibility of a larger c wave to complete before moving higher in d. A break of .90719 would eliminate the triangle all together.
Note the triangle in the RSI. This should give clues as to the bounce and direction.
