Replies to post #120546 on Simple's Green Room

[pennies2007]

There's no easy way to answer this question Qui other than experience...LOL! Knowing that the market has an extremely strong tendency to hit the 88.6 fib is a clue that the wedge hasn't quite finished yet. Plus, the small in between movements that don't touch the wedge trendline don't count...only the actualy hits. That's where we place our ABCDE wave counts.

Until we get a full 5 wave sequence inside the wedge, EU is still bullish all the way to the 88.6 fib.