The right shoulder of the inverted Shoulder/Head/Shoulder bottom could be done with the test of 101.23. If so we should soon see a break above 102.02. A break above the S/H/S neckline at 103.79 is needed to trigger the formation for a rally higher towards 107.89.The chart below is a close up of the last part of the right shoulder. The structure and the Elliott wave count suggest that wave c of 2 could be done on a break above 102.02 should open up for a rally towards the neckline resistance.
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