The break above 98.49 yesterday clearly showed, that my previous count was wrong. At the pressent time I have two almost equal possibilities. My preferred count (only slightly) is, that a serie of 1-2's is taking place. The problem with that count is, that of lately the serie of 1-2's that we have tried all has been invalidated soon or later, which also make me cautious about this possibility.
The second option is, that the decline from 114.72 was an A-B-C decline forming wave [A] and we are now in wave [B]. As wave [A] was a 3-wave decline we are looking at some kind of flat correction if this count is correct. In a simple flat wave [B] will rally back close to the starting point of wave [A].
As I said. I slightly prefer the 1-2 serie count as long as resistance at 99.98 isn't broken to the upside, but any clear break above 99.98 will immediately make the A-B-C count the preferred count.
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