Critical Juncture

I know in my last post I said I would not try and call retraces and so I won't. I do want you to be aware that it is highly probable that wave (iv) on the daily is not over as I had previously labled but merly in the b wave portion. The probably of a significant retrace of several hundred pips or more is possible. I expect it to make one more push short, possibly below 1.4780, and then potentially turn long to make the c wave of (iv). In todays posting I have included my oscillators. There is very clear divergance. This is a strong warning signal of a trend reversal.  Ultimately the trend WILL remain short but it could be weeks before the resumption of that trend.