Pullback to 1.2280 - 1.2350 zone

It is in wave 3 of iii of C with an ultimate target in 1.2280 - 1.2350 zone.
Motive wave down was very powerful without any significant replacements, this probably will lead to sharp and extended correction So expect the wave v of the currently developing C to look scary powerful.

הערה:

Alternative count - wave (v) has already started, so wave ii is about to complete. Wave (iv) looks not in proportion with (ii) therefore I would give this alternative low probability.