Moving long to 1.6004

The C part of this flat correction is under way. It should take it up to at least 1.6004 to enter the price territory of subwave ii of (v). Once that movement is complete one of two things will happen. We will get and X wave which will retrace at least 90% of the movment long that began at 12/29/09 at 08:30 or a triangle will start to form. There is no way to know which but from the area of 1.6004 to 1.6022 it will make a short correction. I will try and identify which as soon as i can.