The decline from 144.85 clearly was only a three wave affair, therefore wave 4 is still ongoing.
We should see a move towards the 38.2% retracement of wave 3 at 145.70, before wave 5can be expected. At no point can 148.28 be broken to the upside. If this resistance is broken wave 4 and wave 1 would overlap, which is not allowed and my alternative count would be favoured then.
I still think that we lack one more decline, but be flexible and let the market guide you.
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