The corrective decline from 144.84 as extended in time and points, but it look as wave iv/ completed with the dip to 141.10 and wave v/ higher towards 151.10 is ready to take over. Short-term a break above minor resistance at 142.63 will be a strong indication that wave iv/ has completed and wave v/ higher is developing. A break above resistance at 144.18 will confirm wave v is developing towards the 161.8% extension target for wave iii at 151.10.
Only an unexpected break below 141.10 will reinstate wave iv/ and call for a deeper correction towards 140.60 before completing.
We will buy a break above resistance at 142.63.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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