There are a number of ways we could count this move up right now, This could just be an BAC correction up and we go lower to new lows before heading higher. I think the pair is headed for that 135.00 area so for now I am going with the idea that wave 3 is nearing an end and a wave 4 is about to take place. Another bullish option is the nested 1-2 count and we see a deeper pullback from near levels for a 2nd wave before a strong move higher.
The line in the sand here is way down at 101.19.
The 105.50 area may show some support on pullback.
The line in the sand here is way down at 101.19.
The 105.50 area may show some support on pullback.
