We see many overlaps which is almost always a corrective sign, with 7 waves and 7 is an extension of 3 which is a corrective count. We also saw this happening after a impulse which I counted as a wave A.
Therefore I still like to see a move higher to test 1.49.
However we might see a truncated wave C so we need to be careful and trade what we see, this is why the safest trade will be a break followed by a consolidation to buy the continuation.
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