Wave i of 3 went from the high of 1.5752 down to 1.4858 and we saw wave ii of 3 in an expanded flat correction up to 1.5221 and we should now be ready for wave iii of 3 lower towards 1.4334 and more likely wave iii of 3 will extend (after an expanded flat correction always expect an extension) its decline towards 1.3783, where wave iii will be 1.618 times wave i).
Short term we could see 1.5147 and maybe even 1.5164 before the next decline sets in, but under no circumstance can a break above 1.5221 be allowed as that would call for a continuation higher towards 1.5304 before wave ii of 3 is over.
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