HOURLY CHART
8th June:
As expected, losses were seen to complete an expanded flat Wave -b-, stalling between the 41.4% - 50% projection in Wave -v- at 80.50 and being very close to a 66.7% retracement in daily Wave -b-.
From this lower area, we should now see a reversal higher. The first barrier has been tested at the pivot resistance area as indicated, and soon we should see this break to generate gains to the Wave -b- of -v- . As this was brief we'll probably see a test of the Wave -iv- high at 82.09. I suspect this will form Wave (i) of daily Wave -c- / -iii-. Look for a correction in Wave (ii) - possibly stalling at the pivot area, and then making stronger upward progress.
8th June:
As expected, losses were seen to complete an expanded flat Wave -b-, stalling between the 41.4% - 50% projection in Wave -v- at 80.50 and being very close to a 66.7% retracement in daily Wave -b-.
From this lower area, we should now see a reversal higher. The first barrier has been tested at the pivot resistance area as indicated, and soon we should see this break to generate gains to the Wave -b- of -v- . As this was brief we'll probably see a test of the Wave -iv- high at 82.09. I suspect this will form Wave (i) of daily Wave -c- / -iii-. Look for a correction in Wave (ii) - possibly stalling at the pivot area, and then making stronger upward progress.
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