Wave 3 has just ended at 174.85 and wave 4 is currently unfolding. As wave 2 was a Deep, but simple zig-zag correction, we should expect a shallow but complex wave 4 unfolding.
As a minimum I would look for wave 4 down to 161.62 and likely even lowe towards 153.43 over the coming weeks/months.
If we does break above 173.13 a new high above 174.85 can't be ruled out, but it should just be part of an expanded flat correction. If however resistance at 173.13 does hold firm for a break below 168.28 we should be looking for a decline towards 163.73. Which it will be only time will tell.
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