The major B-wave triangle I was looking for has been invalidated after the latest acceleration to the upside. The count shown above is my new preferred long term count. We should be close to exhaustion of the rally from 0.8042 and should see a powerful decline follow once red wave v is finally in place. I would look for red wave v near 0.8723. There is a possibility that red wave v could extend ever higher towards 0.8857, but I would not bet on that outcome.
Short term the first good indication, that red wave v and wave b is in place would be a break below 0.8566 and confirmed by a break below 0.8525.
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