5 of C of B (or C of 2) is nearly over...

It seems that the retracement lasted a little longer and now it's heading to 1,3730 - 40 level... The thing with this level is that it's both the C = 1,618 x A level of the expanded flat pattern (let's call it senario A) and also the 61,8% level of retracement of the drop from 1,4280 high which means that another senario could also be completely valid (senario B or Alt senario)... that is that the first 5 wave movement down from 1,4280 high has finished to 1,2870 and now a very sharp ABC correction with C being an ending diagonal is being formed... no matter what, this price action is confusing, and we should wait for a couple of months or maybe more to clarify the picture as if the drop from 1,4280 high is impulsive (5 waves already finished) or the second leg of retracement from 1,5150 high(see also here)...