Since the last posting we had one more touch on the lower RL ( seen above in the Metatrader chart) and then we broke though the DS RL & had a 61.8% Fib RT ( a heavy retouch on the DS RL) and then 'up up and away'. This is more serious than people think and i think we are now going back up and the "Elliot Ravers" are wrong. The recent downward retracement is 'the' correction and we are now going back up to retest the highs and maybe the CL at 1.2550 area
(see previous posts for long term objectives)......in the meantime there is a long way to go but my medium term target today/tomorrow is 1.2355.The bottom line here is that price action behavior changed at the beginning of June and that the 'smell' of this market tells me we are going higher...i may have to eat my digital hat if i am wrong and of course no one knows for sure but everything points to a re continuation for upside momentum.
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