expect a test of 0.8457 (1.236 ext) to complete wave ( a ) before we get a corrective pullback and lower again. We don’t like buying the pair into proposed wave ( b ) pullback.

Expect lower prices toward 0.8474 to complete wave ( a ) before we get a corrective pull back and lower again. We don’t like buying the pair into proposed wave ( b ) pullback.

Key short-term pivot has now moved lower to 3.22, the wave ((x)) terminus. Expect resistance between 3.12 – 3.14 to cap for continuation lower.

Index has turned lower after completing wave B. A new low will complete a 5 wave decline from wave B high and add more conviction to this view. We should then see a (( b )) wave pullback toward 8100 – 8120 and lower again.