The clear break below 141.40 and the Expanding Ending Diagonal suportline, tells me that wave C of the A-B-C correction from 118.75 is finished.As can be seen the decline does look very impulsive in structure and we should currently be in wave iii of 1 down. Wave iii is extending and should at least reach 140.70, but could fall all the way to 139.72, before wave iii is done.
Let's see how the decline develops.
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