The move from 154.88 appears impulsive and counts well as a 5 wave decline, the current advance appears corrective looking, the overlapping waves give credence to a potential bearish setup for a move lower. A strong move under 135.00 then 130.00 and an impulsive decline is needed as the 1st clues to supporting further downside and suggest the advance from 112.53 has ended.

The idea is wrong above 154.88.

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