I want to put an end to 2 at 12514.62, this can be the count with a truncated 5 of 5 of c of c of 2 at 12483.62.
Also 12514.62 could be 5 with a 1-2-1-2 downward underway, in that case 12483.62 should hold.
An up trending line with some significance was broken last Friday, but we still need a break below a more important up line and the 12315 ≈ level.
12485 and 12315 are now the focal support & resistance levels.
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- Erick Stern
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