Last night met my minimum expectation by hitting the trend line at 1.5884. The low did not violate the overall triangle hypothesis failure point. So we should now be working leg d (circle) of the triangle. The first 5 wave move long will be three connected zigzags labeled w, x, y, x, z that will complete (a). the first x wave is now moving short and might end somewhere near 1.5895 to 1.5880. Once that move is over I would expect it to move at least another 120 pips long to make the next leg labled y wave.
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