G'day

The flat idea from my previous post did not really come to fruitation, the problem is that we needed an impulse for (c) and that wave did not form properly.

The price did go down for awhile though. I think the market confused me by printing an impulse that was followed by a correction that printed a higher high as follows :

Chart is looking more bullish now, when the lower degree (ii) ends we could see some progress above 0,385.

In regards to the big picture, it is impossible to know if the bottom is in at this point... we could be in a higher degree "X" followed by some more downside later this summer.

The advance in the near future may help us to determine if we are a in true impulse from the lows or only in an upward zigzag. 

That's all for now.

Take care,