The wave (ii) correction extended higher to 123.87 just below the 123.94 ideal target, but we should now see a break below 122.50 soon, that would accelerate the decline though 122,10 for the next decline to 121.08 and 118.75 on the way to the ideal target near the 114.71 area.Ideally 123.18 will stay intact now, but resistance at 123.50 should not be broken at any time now, if it does a more complex wave (ii) will develop, but that is not preferred at this point.
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