Overall bullish but expecting corrective waves
It has performed a pullback which was expected. It has shown that it is an active corrective wave. I expect it to retest the 135.500 level but then observe how it reacts to the area. If it rejects with an impulsive move down then I know that it is still an active corrective wave which would result in an even lower target possibly the 133.108 area to finish is small corrective wave or maybe even lower. However if it moves past the 135.500 area then I know that it is again bullish to the 138.000 target.
Penafian
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