2. With the benefit of structure labels, we can confidently say that the downtrend of ABA is NEARING the bottom
3. Specifically, we are on wave-c of a flat. This wave-c is based on mid-day high of 0.73.
4. This flat is the wave-iv correction of the 5-wave impulse trending down that makes up the 5th wave
5. I may have taken position prematurely, but that's the price I pay for rushing a reading.
6. To be conservative, we may therefore expect one more leg down to complete the pattern
7. However, if ABA reaches 0.76, then this will confirm the uptrend. 0.76 changes the ":c3" structure label to an ":L3':L5" which is the termination of the complete Elliott wave.
8. We still expect a 5th-wave failure, thus you can take a position at about 0.67, not 0.66 as shown in chart below. Am just being conservative in case ABA fails to reach 0.76.
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