Replies to post #76556 on Simple's Green Room

[pennies2007]

You read my mind, Villas...LOL! I also figured this would be the final 5th wave up since we had a near perfect ABC correction in this last downtrend that stopped at the 1.3750 support area.

I'm short right now since we're wrapping up the first move to the topside. I expect a retrace before we move up further.

I'm wondering if we won't see something above that 1.4130 area I was watching before. This first wave 1 up off the 1.3750 bottom is pretty strong. It's just now wrapping up 5 minor subwaves. If this is only Wave 1, that could give us a stronger than expected Wave 3 move upward. Wondering now if we'll see 1.42's before we hit a final top.