Rally from wave X at 107.31 is in 5 swing which suggests an incomplete sequence and likely need further upside in 7 swing. The rally from 107.31 is unfolding in a double three where wave ((w)) ends at 1109.6, wave ((x)) ends at 1092.29, and wave ((y)) is currently in progress. Internal of wave ((y)) is also unfolding as a double three where wave (w) is proposed complete at 1113.76, and wave (x) pullback is now expected to stay above 1092.29, but more importantly above 1071.31, for continuation higher towards 1130.57 – 1139.62 area. We don’t like selling the proposed pullback.
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