Quote from apex82:
wave master you are most likely wrong. They have not run the stops above the 05 highs yet as well as it has not reached the max exhaustion zone. Until then if you want to short, do it with tight stops. It could end up falling from here but most likely it will at least retest the highs. You forgot the classic ABC which was just completed at 1.3051 that I called out prior to the tick so we could easily retest highs before getting a move down like that. After we have reached the zone identified in my thread then I am all game for a 500 pip correction. Nothing is for sure but I am still cautiously bullish.
Agreed ... I no longer see it as being in a correction, but a continuation of a motive wave.
