Hi Haspete. I thank you for this as it helps to put my own...

Hi Haspete. I thank you for this as it helps to put my own rudimentary analysis up against your prowess.

I also had the 0.55 as the first target to be achieved using straing fib extension and retracements on relatively recent history.

I also note the big circle on the left which may become a valid left shoulder but as you said we are getting ahead of ourselves LOL. Would be a pretty good target above if that happens.

I see the little W shaped double bottom but I do read this as a general flag formation. I am intrigued by your pole height as I could draw it straight from the base of the rise which gives a target of about 0.69 to 0.72 !!

Is it not valid to draw the pole from there ?

EV ? Is that an Elliot Vave (Scandinavians cannot pronounce "W" and "Th") ? I just cannot recall what EV stands for but in the context of you brilliant post I take it to be wave counts (sorry I am a bit ignorant)

Anyway thanks heaps

Sskim