Looking at the whole structure from the 2016 lows it still appears to be missing a new high to develop a 9 swing advance to complete an impulse wave (9 swings = either wave 1, 3,5 is an extended wave, usually wave 3). I am watching a couple of ideas, Wave 4 may take the form of a triangle, so it stays above 131.00 and chop sideways before a thrust to new highs. Or the current idea is a small [b] wave triangle as part of wave 4 and setup for a thrust for wave [c] back below 131.00 to end wave 4, then reverses back to new all time highs for wave 5.
If the last low at 133.42 holds then I favor its now in wave [d] of the triangle idea, so a move towards 144.00 – 143.50 would be a target before a pullback for wave [e]. It would need a big move below 115.60 to suggest soemthing is wrong with the current idea.
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