All odds favor, that wave 2 has already ended with the test of 1,287.09, which is just above the 38.2% retracement target. A break below 1,280.36 will confirm that wave c of 2 is done.
Of cause the is the risk of a more complex correction, but there is no way of telling if that will develop.
The next impulsive decline should take us down to at least 1,261 and more likely 1,241.
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