12:23 AM Update
11:16 AM Update
Black 2 could be done at the 38% retracement.
9:03 AM Update
8:23 AM Update
6:35 AM Update
Looking for (iv) to either stay above 1220 and trend sideways but if not the 23-38% fib retrace levels look good as possible targets.
Wave 4s retrace into the previous 4th of the prior wave. In this case wave 4 of (iii) at approx 1215. The hourly 20 SMA is there too.
So far looking like that little triangle is developing since last night.
The EUR/USD appears to be working a possible combination corrective.