The completion of the first descending wave from i point
The wave b has ended in the range of 1.23492 and the first 5 descending waves have ended in the range of 1.1952, there is the possibility that the price enters to the corrective uptrend phase, which can be extended up to the targets of 1.21 to 1.2195.
In my opinion, the 1.2267 range is a very important range, and by the price crossing this range, the probability of a trend change is very high.
Please see the analysis of the daily chart as following:
In my opinion, the 1.2267 range is a very important range, and by the price crossing this range, the probability of a trend change is very high.
Please see the analysis of the daily chart as following:
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