Overall on the monthly time frame, I am counting this move up from 1.2041 as a 'b' wave in wave 'C' down. As such, the 'b' wave is full of complexity and even at a daily level, not close enough to the action for me. The wretching is undoubtedly the pull of the eventual 'C' leg down vs 'b' up is likely not complete, but I think we have a new high to come above 1.3831, after a test of that 1.3294 low or a new one - I don't mind which one really.
The weekly is a retracement study of the assumed initial ABC drop off
the all time high - price action rolling under that last gold angle line
but dragging itself up the green inverse ladder but with negative
divergence into that 1.3831 high.
On the daily, I am working an expanding diagonal pattern into the top of that wave 'b' from the first chart, which helps to explain the price action (for me that is!).
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