The break below 145.62 is concerning and questions my micro count from 139.68. The break below 145.62 suggest, that we have a finished five wave rally, but the failure to break above 147.70 leaves to two possible scenarios. The bullish count, which is my prime count is still well and alive, but we can't neglect the possible expanded flat correction. If this count is the right one, we have just ended wave C and should see an impulsiv decline (this is not my preferred count at this point)
Original Post below:
Red wave (iv) ended at the lower part of the target area and we are now in red wave v, which ideally should reach the 147.58 - 147.70 area. We have seen the first micro wave of red wave (v) ending at 146.32 and has just begun micro wave three of red wave (v). Minor support is now found at the 146.30 - 146.32 area, which should protect the downside for the next rally higher towards 147.16.
Red wave (iv) ended at the lower part of the target area and we are now in red wave v, which ideally should reach the 147.58 - 147.70 area. We have seen the first micro wave of red wave (v) ending at 146.32 and has just begun micro wave three of red wave (v). Minor support is now found at the 146.30 - 146.32 area, which should protect the downside for the next rally higher towards 147.16.
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