What yesterday looked like the first subwave of wave c turned out to be something totally different. This is exactly why one should be very careful trading corrections. They are impossible to predict and especially the b-wave.
By breaking below 143.53 we have two possible counts:
1) Wave b was a double correction, the first was a flat and the second an irregular flat. If this count (which can still alter to be a triple correction)is correct then we still need a rally higher towards the 145.05 area (the green rectangle).
2) Wave c became a very small wave and black circle wave 2 is finished and black circle wave 3 has begun.A break below 142.62 and more importantly 142.18 will confirm this count.
I do like option 1 the best, but will stay flexible. To whatever the market dictates me.
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