The above count is my least bullish count. This count "only" calls for a continuation higher towards 7.043 before a major correction should take place. If we break clearly above 7.043 I will update my much more bullish count that call for a continuation much higher.
We have seen a correction to the channel resistance line at 59.59 and have since seen a break above resistance at 60.15, which is the first good indication that the correction from 69.22 is over and a new rally to above 69.22 is developing. Longer term a break above resistance at 63.49 is needed to confirm the rally above 69.22.
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