With the test of 77.45 we saw an almost perfect 61.8% retrachment of the rise from 71.25 to 88.49. RSI showing positiv divergens and a perfect 5 wave downmove from 89.62 all favor that a bottom is firmly in place with the test of 77.45.
What we need now is a move above 80.37 to confirm the bottom for a move that should at least see us back to the 89.62 area, but more likely all the way to 94.69 where wave "C" will be equal to wave "A".
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