We saw the expected top in early European trading this morning, but the following price action, which broke below the ending of wave (i), has forced a change in my count. I now have to adopt the count which had wave 1 ending at 134.58. This count then suggest that we have seen a five wave A and now is in wave B. Wave B has become an expanding flat correction, which should ideally end near 135.62 and from a time point of view in very early European trading hours, before taking of in wave C, which should take us up to 138.34 as the ideal target.
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