After 5 waves down, the move up has triggered an extensive correction.

The light blue is the 1st post of the corrective structure (leg A).

Currently in leg C. The 3 options that I think are plausible here: a contracting structure where the inner swing low holds in a parallel with the last two inner swing highs is the 1.0673-1.0640 area.

The second possibility is a contraction to a lesser degree where the outer swing low holds. That’s the second horizontal line at 1.0490 or so.

The third option for the Wave 5 finish of the C Leg would tag the teal trendline for a flat correction at the astonishing level of 1.0380 or lower.

I think tagging the 14 SMA option was an option a few weeks ago, but it isn’t now.

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This was released on Achilles Day.