The last weekly rung, 86 pips up is totally doable.

There is a triple magenta line, but that is showing some slow down (the first magenta is the measuring leg), but what normally happens is that the 2nd peak would become the flagpole of the last bow back.

We are looking at a peak in the range of 1.1233-1.1249. Could the last move up master the swing high in image 1 (1.1275)?

The launch pad should be the SOB.

I know it does not feel like it, but the market is in a hurry here. The rally could be over in 5 hours. It does have 115 pips of potential based on history relative to the low made today (that’s like 1.1262 currently – 13 pips shy).

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Album #21 is out now.