The road to 1.50

With the daily trendline broken to the upside, i have decided to count the wave X complete. Like i recently said, it's a very small wave X but it is possible. Since forming the wave X low, price has been corrective followed by more impulsive price action. To me this translates into a 3-3-5, which is an abc flat. A common target for a wave C in a flat is the 161.8% fib extention of wave A. This would give a possible ending for this flat around 1.4560. This flat should be part of a bigger ongoing corrective wave, this flat would be wave W of Y of (Y) of B. The following wave X should go and test the broken trendline. After this price should be ready for a final run higher to 1.50. The alternative, a complex triple three, should also be considered and would fit nicely with the smaller wave x.