The wave ii of 3 correction from 1.3477 ended with a small ending diagonal and I will now be looking for a break below support at 1.3639 and more importantly a break below support at 1.3609 to confirm that wave ii is over and wave iii lower towards 1.3249.
At no point can a break above the start of wave i at 1.3739 be allowed as that will invalid my bearish count.
The bigger picture shows that wave E of the major B-wave triangle ended at 1.3894 and that wave C lower is developing. However to confirm this count a break below support at 1.3295 is needed.
The price action show up!
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