(Click on the pictures to enlarge)We are still in the very beginning of a major trend change, but if my count is right we should soon see a violent decline in wave (iii) of iii closer to the 156.50 area. On the way down good support will be found near 159.82, which was wave iv of the C wave to 170.42.
A break below 163.00 would add confidence to my count.
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