An inverted Shoulder/Head/Shoulder bottom might be building. A break above the neckline at 103.79 will activate the pattern for a move to at least 107.66.Looking at the rally from 99.77 it does look impulsive and therefore could be wave 1 in a new bigger rally. However there is a possibility that the rally from 99.77 was only a wave C, but a break above 103.79 would kill that count and call for 107.66 and an important bottom in place.
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