We are concentrating on the rally from 1.5282; which we are treating as a 5th of a 5th. We wrote yesterday that “the rally looks very close to complete. In fact, a push through 1.5625 would possibly complete an ending diagonal from 1.5521. Coming under 1.5535 suggests that a top is in place.”
A push through 1.5282 did indeed complete an ending diagonal but it is clear now that the ending diagonal completed the end of wave 3 within the 5 wave advance from 1.5282.
