INTRADAY CHART
21st April 2015
It looks like we are seeing the final legs in the triangle. The current decline should stall around the 1.4765-85 area for a Wave x to correct higher and should be followed by a second ABC down to the 66.7% projection in Wave EF^D at 1.4684 (and note the 76.4% at 1.4630. This will then require a final ABC higher in Wave EF^E to complete the daily (purple) Wave c / iii which should be around the 223.6% projection at 1.4501 (and note the 238.2% at 1.4452.) With Wave ii being just 12% we should expect a deep 58.6% retracement in Wave iv before heading down to the Wave -iii- targets noting the 223.6%-238.2% projection targets between 1.4308-1.4401.