With the break below support at 1.5286 we have confirmation, that wave 5 is in place with the test of 1.5597 and we should now be looking for a major correction towards 1.4072, which marks the 38.2% corrective target for the rally of the 1.1605 low to the top at 1.5597.
At the same time we also find the bottom of wave 4 of one lessor degree at 1.4051, so expect strong support when we get there.
Short term expect wave iii support near 1.5127.
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