With the break above 1.3699 we knew that the short term count was wrong and a new count was warranted. I have updated my new preffered Count, which call for a move towards 1.3746 to end wave 2. Once wave 2 is in place we should be looking for a new impulsive decline as wave 3. Short term the first indication that wave 3 is developing is a break below 1.3663 and it will be confirmed upon a break below 1.3580.
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