1.1315 has not yet been seen, but in my opinion market is trading a mini fourth wave alike correction right now - and later on in the next hours effectively testing the 1.1315 fibo extension towards one larger counting degree is certainly not out of the view.
Standing in form of 1.618 fibo extension of wave i (of daily 5 - on my web posted 30mins chart), 1.1315 may deliver ultimate resistance on short-term as presumably being end of wave iii (of daily 5). Should that be the case, a new prudent view again must be taken on the midterm counting, as that would provide virtual opportunity of buying on dips end of wave iv, for further riding the ultimate advance higher (towards riding wave v of daily 5).
Even so - I agree the whole counting of the daily 5 is not the nicest one I have seen. Though, it remains a capitulating stage anyway we'd put it. And I simply can't deliver a nicer look at the moment whatsoever.
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