The recent sell off appears to be impulsive looking, so I suspect its part of a larger impulse wave, from what I can count I think it nest counts as the end to a 3rd wave of a 5 wave decline, so a bounce for wave 4, followed by new lows as shown is the favored move over the next few weeks.

There is a substantial weekly support around the 14.00 area, that would be a good area to find buyers to push it higher for wave 4 towards 18.00 – 20.00.

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