The wave 2 correction from 0.8400 became even more complex than expected, but it finally seems at it's over and wave 3 higher towards at least 0.8610 can take over.
To confirm that wave 3 is under way a break above resistance at 0.8283 and more importantly resistance at 0.8310 needs to be broken.
However, Elliott's first rule said, that wave 2 never ever can break below the starting point of wave 1, which is at 0.8154 and that Means we have a very favorable risk/reward situation at the current level.
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