In the last post i was looking for a wave C. Price did decline as expected, but the size of this wave C was only 61.8% of wave A, probably due to the support zone around 1.3000. This is actually common for flat corrections. The reason i expected a bigger wave C is because the bigger pattern indicates that the trend is down and in this case the bigger waves happen in the direction of the trend. For this same reason i am now looking at this rally as complete. Alternative is for another high. Above 1.3485 means that the count is in danger of being wrong, but it can since the rally is a wave B.
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