Wave 5 within the 5 wave rally from 1.4438 may be underway now. Wave 5 would equal wave 1 at 1.5391, not far from the mentioned objectives of 1.5429 and 1.5447. This is our favored count as long as price is above 1.5158. A drop below there means that wave 4 is still underway and is likely to test 1.5072 before wave 5 up begins.
