I have reviewed my previous count, and has changed is slightly. The above count works better, as the relationship between the waves is much better. Wave 3 is 1,618 times longer than wave 1 and wave 5 is almost equal in length with wave 1.If wave [B] ended at 1,219.80, then the ongoing correction should be a three wave affaire ideally endning in the blue box followed by a collaps in prices.
However we can't exclude that this was a c-wave decline a one more new high should be seen, but the risk reward shorting in the area of the blue box is most ideal one can get, as prices is not allowed to break above the top at 1,219.80, as that would call for a move higher towards the 1,226-1,237 area before prices turn down.
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