Our preferred count remains firmly in place here as we are looking for a continuation to support at 163.03. A break below here will confirm our outlook for a corrective decline to 150.09 and likely even closer to the 61.8% corrective target at 145.76 before the correction from 168.43 finally comes to an end and a new impulsive rally should be expected.
Short-term we see resistance near 167.79 which we expect will be able to protect the upside for a continuation lower towards 163.03 and ultimately below here too.
Relevance up to 06:00 2022-11-29 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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