The WXY countertrend corrective structure looks completed. The minimum target for another drop is at the earlier low 6.2360. MACD already sends bearish divergence signal and more over dropped below 0 into the negative territory. Risk/Reward is over 2.
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earlier attack on the support has failed and we observe now the 5 of (5) of ((c)) of Y, in other words we are in the last stage of the whole correction before another huge drop occurs. The wave 4 of (5) was menacing but couldn't violate the wave 1 peak at the 1.3412 level. Watch breakdown to look for short.