Think we may possibly finish W v down at 21.35.
Yup, right you are, after that big W 2 retrace, I show a 20.55 as a strong likely spot to head down towards. It will prob pause at the 21.06 area, before going to 20.55.
20.53 high on 7/1/13 might be support also close on 7/15/13
long and deep retrace up suggest we won't have deep retraces on the way down, might be hard to see the wave (iv) small scale retrace. Perhaps a double bottom on futures at 20.50 will call this bottom. 5 hr macd crossover abt in place on futures
The 162 fib, but 200 at 21.00 and 262 at / near 20.50 may be in play . . . 21.35 may just be the third wave down. from 22.64