This Chart shows us how my prediction of wedge breakdown worked. The target of wedge breakdown was already met, so it is now on counter-rally. However wave (128.22 to 122.55) has internal 3 waves structure which should be called initial larger wave W and present counter rally would be a corrective wave X. Therefore next larger wave Y would be much more downside. If 124.23 won't be breached, the target will be 118.56 (1.272 extension could be 117.02 ) .