Wave summary: Ideally wave (iv )completed with the test of 118.19 and wave (v )to above 124.09 ought to now be seen, however we need a break above resistance seen at 119.86 to confirm that wave (iv) has actually completed and wave (v) greater is unfolding. Short-term support is seen at 118.55 and after that at 118.19. The later can not be broken under this bullish count.R3: 120.32
Purchase a break above 119.86 and place your stop at 118.10.
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