The call for a wave-4 still stands but there is a case for a more shallow correction (a flat or triangle). Once the range completes, a push higher towards the measured move target of 109.96 can mark a complete 5-wave move from the 101.51 low. (daily) S/t, the hourly chart shows the preferred paths for wave-4. In either case a dip is needed to mark wave-c of 4 in the near term. Support for today is 109.00/108.90, the old pivot high and up channel line. Resistance going forward is 109.46 and 109.96. (hourly) Conviction: Med Levels: Support – 109.00, 108.90, 108.26 Resistance – 109.46, 109.96
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