This is in continuation of the analysis done on 31/8/2015 (here). Now short term on hourly chart it looks like the prices are moving in a contracting triangle in wave b. Following the completion of wave b prices are likely to move down as part of wave c of blue wave ii/b, before proceeding up again. The contracting triangle as shown in red b is also seen to have formed in RSI momentum indicator. The likely target/s for completion of wave ii/b can only be arrived at once red wave b is complete. The current estimate is between 39-40.
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