The mid 105’s targets have been satisfied and this means that most, if not all of the gains from this post triangle thrust have been achieved. The mid/upper 105’s is where the triangle target, wave-[1]=[5] & Jan high all align. (daily) S/t, the failure above 105.44 could represent an important reversal but we favor one more down/up series to mark wave-c of (4) and then a final wave-(5) push to complete the cycle from August. For today we expect a continuation lower to 104.74/49. (hourly) Conviction: Med/High Levels: Support – 104.74, 104.49, 104.30 Resistance – 105.71/77, 106.19
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