Wave iv ended exactly at the support-line from 134.26 in mid-February, with the test of 137.50 and we should now be in wave v up, which should break above 140.37.Wave v does look impulsive, which add confidence in this count.
In the short term we should expect a small correction down towards the 138.40 - 138.70 area , from where the next leg high should be seen.
Also looking at the Andrews pitchfork's the support line of the rising pitchfork and the support line of the small falling pitchfork (gray) was tested and held nicely confirming the uptrend since 134.26.
As I have stated a couple of times, this rise since 134.26 is a mess and does make it more likely than not, that we are in a correction as a C-wave up.
The risk is a break below 137.50, which will force us to make the bearish count the favorite.
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