Bottom Line: Looking for wave (ii) correction
(Last Price 37.5): Lacking any evidence of aturn higher, such as a five-wave advance, there is scope for lower in wave (ii) towards 35.7 – 39.1, the 61.8% retracement levels of wave a. Trading above wave b extreme at 42.5, will suggest the trend has turned higher.
(Last Price 6.9):
