After wave 1 ended at 136.70 yesterday, wave 2 is now well under way. Wave 2 will most likely be a simple zig-zag or a combination of corrections (time will show), but for now, what we are looking at is a simpel zig-zag, where wave A and B is done and wave C is under way. Wave C will most likely be 1.618 times longer than wave A and reach the 139.70 - 140 area, before exhausting.If wave 2 becomes more complicated we might see wave 2 go beyound the 140 marker, but that's not was in the cards just yet.
You can see a small Inverted Should/Head/Shoulder bottom, which points to 139.96 as an ideal target.
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