W5

So far it is following the script.

In one single day up to the 2.2 Gray band (1). 15 pips pullback by the close. 150 pips off the W4 low VS 155 in the prior example.

The next day should make an additional 15-pip dip, but the overnight spread expansion may just strip away half of that.

The extension in the prior example over the 3rd Wave’s swing point was 23 pips more, straight into the 2.8 (white band), followed by the back test of the swing high for the next big leg.

Notice the number of days. 5 to the ultimate high. A Wave 2 may only be 1 to 2 days, but a Wave 5 would take longer.