This is a close up view of what we are treating as wave d and expected wave e of the triangle (mentioned above). One reason to favor the triangle scenario is that the rally from 1.4365 is not an impulse and can be counted as a 3 wave rally, which fits as wave d of the triangle. Expect wave e to end near 1.4589/1.4659; this is the 61.8% to 50% of 1.4365-1.4953. Expect the correction to take the better part of the week, if not the entire week.
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