FCPO - WAVE 5 OF C TOPPED?
Continue working with the hypothesis that a running flat was forming in FCPO:
We have a clear 5 wave structure advance from extreme low of Wave B giving us indication that wave C maybe complete.
If Wave C topped and Running Flat pattern is complete, then we would like to see a downward movement of price toward 3686 level in a motive sequence before we start formulating a trading plan for this pattern.
Invalidation level is for this idea set at wave C extreme high = 3734.
We have a clear 5 wave structure advance from extreme low of Wave B giving us indication that wave C maybe complete.
If Wave C topped and Running Flat pattern is complete, then we would like to see a downward movement of price toward 3686 level in a motive sequence before we start formulating a trading plan for this pattern.
Invalidation level is for this idea set at wave C extreme high = 3734.
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