As price seems to go down towards Tuesday Sept 22, I change my ITD count rotation slightly, but the conclusion stays the same.
Medium Term trend is likely still UP, and major level not to be broken is 1.611. Preferred strategy is to buy dips with stops below 1.611. Alternatively, if 1.611 is broken, then I would conclude that LTD 17 has arrived at 1.7 and ITD 10 at 1.674 is also MTD 5 high.
In my count, ITD 11 low is due on average around Tuesday Sep 22. It could be due earlier (today or Monday) as MTD direction is currently UP. Price currently has bounced from a trend line support, and there's also 61.8% fib support. Further weakness should be supported by SMA 100 days at 1.625
ITD 1 high could be MTD 5 high as well, and it's due around October 8. If there's no inversion, then once ITD 11 low is IN, we should move up towards Oct 8.
