STRATEGY: Bullish against 97.66, target 102
The up, down sequence from 95.72 is counted as waves A and B from 95.72. Expectations are for wave C to exceed 100.44 and test the area of the former 4th wave in the 101.40-103.60 zone. The 100% extension of wave A (where wave C would equal wave A) is at 102.38. Risk on longs can be moved to 97.66. It is also possible that wave B (from 100.44) is unfolding as a triangle. Still, price would remain above 97.66.
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