30-MINUTE CHART
(CLICK ON THE CHART TO ENLARGE IT)Check the attached 04-hour chart for the wave count with its respectives retracements (blue fibo lines). If 152.00 really marked the end of 3rd wave, now 4th wave might go to 23,60% or 38,20% of 3rd wave (see yellow fibo lines for 3rd wave retracement). The beauty of this retracement is that 23,60 and 38,20 are exactly the same as 161,80% and 138,20% fibo projection of 1st wave respectivelly. 38,20% is specially powerful because is exactly 138,20%.
Now check the attached 30-minute chart with its 5-wave count. These are the 05-wave count in a smaller scale under 3rd wave on a larger scale (04-hour chart), corroborating this 3rd wave formation on 04-hour chart.
If I´m right in this Elliot Wave count, point is:
Long break 154.10 1st target 155.25 (23% fibo) and 2nd target 157.00 (38% fibo)
