The break below support at 1.3825 was frustrating to the overall count. I have reviewed the bigger picture and I still prefer more upside price action once the correction from 1.3967 is over. However, a break above resistance at 1.3860 is needed to confirm that the decline from 1.3967 was a correction and more upside pressure will be seen.
If however, we sees a break below support at 1.3643 then we must conclude that wave E ended at 1.3967 and a powerful decline will be seen.
Right now the short term Picture is quite messy, but that is not uncommon as we are in the very last part of a major B triangle that ultimately should break towards the downside.
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