![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhTdiaGi15PKDjYYAC3ZLmghZfn7mW8QkEfDqJpUyCSjtAMcwHK1ek3u_Fd6Um85oftNL4pgpH92DPm05OQ6ZqPpMZjOe-KNcPvKyfj3zhpv0tP3sOGa5mGRxyxhN7Fe_d4jOGJxbZYYD3p/s400/image003.gif)
Long term picture showing, that we could have seen a major top at 422.86
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbUxnvbf3ARt8MY3HwEveoRlt2kPOry2742DMpHRgATg-xUfcGWpK213Prk-CBeKzLd7gVhsecCfJItgBPogNbtNcUOmgHO2auESC2U3V7Lgt_AC8OnTnfBADDZybE6dX6r8m52Im8o3rR/s400/image002.gif)
Zooming in on the topping action we can see a five wave decline from 422.86 down to 391.30, followed by a three wave rally to 409.25, just below the 61.8% retracement of wave a or i down.
I do favor the impulsive count calling for a break below support at 385 soon.
Longer term we have the all important support at 353.
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