Quant price rejection into 0.5 fib retracement of the last move to the downside, that may signal an end of the B wave.
Price may go to the downside with first strong support at the 0.618 fib extension zone where also we have 0.764 fib retracement of the first abc (black count).
If we claim back above 0.382 (price 145.2) fib retracement than we may continue to the upside and still has this chance for this move to the upside (blue abc) to be an impulse(red count). The chance will go if the price will break below red line (125.8) and we may see an acceleration of the price to the downside from this level.
Price may go to the downside with first strong support at the 0.618 fib extension zone where also we have 0.764 fib retracement of the first abc (black count).
If we claim back above 0.382 (price 145.2) fib retracement than we may continue to the upside and still has this chance for this move to the upside (blue abc) to be an impulse(red count). The chance will go if the price will break below red line (125.8) and we may see an acceleration of the price to the downside from this level.
