As theory stands for the idea either W2 or W4 is allways complex, but only one of them – we should have complex W4 in here and that certainly what it starts a looks alike. It can run like this or to come much more complex. I could see there allready a-b-c-X-a-b-c for example as one alternate and it could come as a-b-c-X-a-b-c-X-a-b-c as triple correction or it can be any other exotic one, marked pretty much all of them I can can visualize, but point is it´s not progressing much anywhere. It looks as boring as it is, this reminds me last summer SPX triple zigzag, we did this for 3 weeks.
It´s as boring as it looks, but also very handy scalping table when taking 1 & 5 minutes retracement with it if you satisfied with small pips trading – that´s why I had courage to drive a bit Ichimoku techwork in here. Hopefully it´s over by tomorrow when opening chart next time, after europen´s has gave handshake for it (they will propably blow last wave up for it because whatever scenario I look, it seems to miss one more up), but it can still be there tomorrow with it zigzag´s. My best guess is absolute nothing progress is going to happen in Asian market tonight.
The next powerfull W5 impulse is opened & celebrated & confirmed when price cross below 1.2885 – old boring 15 min falling & log channelling at least to the 1.2700 level should be on the air again, who knows what other surprizes we will have with this triple correction, is that Y going to be enough with x 1.618 or perhaps larger x 2.618….
