In my September 28 update, I called for a final zig-zag rally in wave e to complete the triangle consolidation in wave 4. This e wave has developed as expected and wave 4 is now complete. The final impulsive decline in wave 5 should now be seen towards at least 10.11 and more likely closer to the cluster supports in the 8.39 - 8.77 area from where a new rally towards 14.45 is expected.
Resistance at 14.58 should continue to cap the upside for a break below the triangle support-line near 13.05 for the final impulsive decline in wave 5.
Resistance at 14.58 should continue to cap the upside for a break below the triangle support-line near 13.05 for the final impulsive decline in wave 5.
