We have seen an almost perfect touchdown on the expected target for blue wave (v) at 1.6425 (the low has been at 1.6426). Of cause blue wave (v) could extend further to the downside, but it looks as the blue wave (v), which has become an expanded ending diagonal is over and a correction in blue wave iv should be seen soon towards 1.6489. As blue wave ii was a simple zig-zag correction I will be looking for a rather small, but complex correction towards 1.6489 before blue wave v takes over for a decline towards 1.6369.
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