On monday I wrote, that wave 4 wasn't finished as the move down to 142.64 clearly was a three wave affaire and we would see a move higher towards 145.70. This morgning we saw a move to 145.81 terminating wave 4. What's needed now is a break below 144.53 to add confidence to that assumption. I would expect minor wave ii to take up more time, before breaking down through 144.53 for a move closer to the 140 area.
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