As illustrated above, It seems evident that the correction/initial leg of the correction is complete as of today's low. We have a complete 5-3-5 zigzag correction lower from the wave 3 extreme labelled on the chart, we happen to channel perfectly and we also have divergence between waves A & C. A break above the wave b(circle) high would invalidate any form of 1-2-i-ii count however a breach of the channel baseline would be an early signal. Notice that we made it right into the extreme end of the 4th wave of lesser degree and right between the 38.2-50% retracement of the third wave rally.
Regards,
Ahmed Farghaly
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