Update on my scenario 1 ...
I have no idea if we have finished wave A or not
but it looks like a good place for a bounce .. if it doesnt go over 2.0230, we should still be in wave A down (w5 to 2.0041) .. bounce back as B, then down to 1.1960 area.
I am still eyeing on a 100% retrace of my purple labels but dont have much confidence.
On a side note, if the big AB (~1000pips) = big BC (with B=2.0370) ..., then look downward to the 1.9370 area ... which would also complete a big WW on daily chart.
Am I right? or even close?
