Targets well below these levels remain valid, but for now we should focus on a bullish impulse leg that has developed this week on the lesser charts. It projects to 1.2882, a Hidden pivot that would become an odds-on bet if and when the futures take out its p sibling at 1.2798. Yesterday’s high missed that mark by nine ticks, but if that should change overnight, night owls might look to ‘camo’ their way aboard on a B-C pullback beginning from somewhere between the two peaks, as shown.
