At long last we've seen the strength I had been waiting for. And actually, a little stronger than anticipated. This has seen the Wave (iii) stall at the 396% projection at 1,332.14. Thus we should now see a correction in Wave (iv). This is a little difficult to judge considering the Wave (ii) was 94.4%. At this level we could see as little as 23.6% or as much as 38.2% - 41.4% in Wave (iv). Thus, take care as price moves below the 23.6% retracement, and look for bullish reversal indications.
Overall this appears to be targeting the 194.4% - 209% projection in Wave [c] between 1,344 - 54. This will form Wave [i] and provoke a correction in Wave [ii]. At this point it's difficult to judge how deep the Wave [ii] will be...
