HAVING REACHED THE 50 RETRACEMENT FIB WE COULD SEE AN EXTENSION TO AROUND 1.56 PRICE WHICH IS CONFLUENT WITH THE -27 EXTENSION FIB. THIS WOULD BE THE 5TH WAVE OF THE ELLIOT WAVE SEQUENCE. FOR AN ENTRY WILL BE WAITING FOR A BREAK OUT ABOVE THE RESISTANCE ZONE AND THEN A RETEST WITH TARGETS FOR 1.56