(Click on the picture to enlarge)My call for a top last week after the test of 170.42 seems to be correct. The break below 163.88 this morning (European time) has confirmed that minor wave "iii" is under way. I do expect the first subwave (i) to end near the 158.74 - 158.82 area, from where a correction higher towards 166.60 - 167.40 area ending subwave (ii) and setting the staged for the powerfuld wave (iii) down.
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