We are having quite strong downtrend. At the moment wave3 /=W3/clearly pulling back at fib 1.618 and heading to wave4 /=W4/. Wave 4 might be at Fib 0.2 /1.24045/ or Fib 0.3 /1.24727/. Then it possibly retrace to wave 5 /=W5/ around 1.217.
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