Although we can not yet exclude the first alternate scenario described in the previous post, the movement of yesterday's session confirms the preferred scenario; wave [b] is ending, first target 1429-1427 therefore close to current prices.
The second alternate scenario considers the possibiliy of an extension of bearish c/y wave down to 1432 (50% Fibonacci retracement).
Have a great trading day...with care!
ElwaveSurfer
You might want to check this technical analysis program: http://www.cognitum-research.com/en/wave-explorer
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