Since the 100.73 low in early February we have seen a simple zig-zag correction, but the c wave has taken a shape of an ending diagonal. Looking at the ending diagonal we are currently in the final wave, which as a maximum target is allowed to reach 103.25, just above the 50% corrective target of wave A from 105.44 to 100.73. I think we will see red wave v of the ending diagonal ending slightly below 103.25. From just below 103.25 or upon a break below 101.64 the next impulsive decline lower is expected
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