The latest rejection from resistance at 1.5752 indicates that we have seen a wave 4 triangle and that wave iii of 5 is developing.
Short term I'm looking for a break below 148.31 confirming the Development of wave iii of v lower. The target for this wave 5 is near 1.1618, where wave 5 will be 61.8% of the distance traveled from the top of wave 1 to the bottom of wave 3 subtracted from the top of wave 4 at 1.6381.
The latest Development in Cable doesn't agree with my former believe, that we developing a B-wave triangle, so I will be flexible and dismiss my former Count and go with the Count that has the highest probability and that is the Count presented above.
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