A big expanding flat correction has developed since May 25. We are now in the final stages of this correction, which ideally will reach the 87.50 area before the next big drop will set in.Short term we should see a small decline to near 86.38 before one more move higher towards 87.50 setting the stage for the expected decline. The next decline, which will be wave 3 down from 93.89, should be strong and powerfuld and should decline to at least 74.25.
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