I'm amazed, that we managed to break above 144.67 to challenge the old 145.55 - 145.70 target-area. We have seen a high at 145.46, but I would expect a full challenge of the this area soon. Remember that under no circumstance can a break above 146.95 be accepted, as that make wave D in the falling diagonal longer than the B-wave, which is not allowed. A break above 146.95 would give the impression of a finished A-B-C correction from 160.38 down to 118.75 and that we should at least see a new test of 151.44, but we will propably head much higher.Back to the preferred count. I does look for a test of the 145.55 - 145.70 area and then a break below 144.80 to confirm that at least a short term top is in place.
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