The price has been falling down since a zigzag in wave [x] was formed, which led to a pullback from 5/8 Murrey Math Level (P=200).
So, it’s likely that wave (y) of [y] is going to move on in the short term. The main intraday target is 1/8 MM Level.
As we can see on the one-hour chart, wave b was ended yesterday, so the price is declining. Therefore, bears are likely going to push the market lower during the day. If wave c of (c) finishes on 2/8 MM Level, there’ll be an opportunity to have an upward correction.
Origin: FX BAZOOKA
