The wave V advance is unfolding from 1.5468 and waves 1 and 2 of 5 are complete.
The wave 2 of V low is at 1.5611 and price shouldn’t even come close to there. If traded to, then 1.58 should provide support. This is the 61.8% of the most recent 5 wave rally and former congestion. 1.58 is a level where bulls can add to longs (or initiate if late to the game). Expect the rally to accelerate and ‘go parabolic’ soon.
STRATEGY: Bullish, against 1.5611, target TBD
