Here’s an idea: since there is no way to draw a bow back in MT4, why not use a triangle instead? In Yellow of course.

All of a sudden it makes sense why the rally ended where it did.

If you count the legs from the yellow triangle down, there were 7, like I expected them to be.

The stochastic reading in white (yellow arrow) was extra high to be THE bottom. This is most likely a Wave 3 down, which would make Pippoletto look like a total idiot with his Elliott Wave faith course about the Running Flat correction that should yield a Wave 3 in the opposite direction according to him.

The minimum would be the undercut of the Weekly S2 at 1.0568, but I would think close to 1.05 isn’t out of the question.

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I’m on a First-Aid course tomorrow, won’t be able to trade much.

The American is maintaining his 30% lead over me, but I am cornering #2 already.