As my short term bearish count was invalidated upon the break above 144.59 yesterday. I have been back to the drawingboard trying to deciffer the price-action since the top at 160.38. I'm still long term bearish, but the best fit seems to be, that we currently are in an expanding flat as wave [B] (see the upper chart). If this long term count is correct wave C of [B] seems to be an ending triangle calling for a move closer to the 156.85 area. The maximum length of wave e is 159.19 as wave c of the ending diagonal can not the shortest. Short term we are in wave 3 of a, which should reach 147.28 where wave 3 will be 1.618 times longer than wave 1. If this count is correct we must not break back below the top of wave 1 at 142.81. Minor support is at 144.62 and again at 144.38.
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