we still expect one more up back to the 118.9 level which will form the third leg of a flat of wave (IV) but price has to break the trend line stated on the chat before a long position is entered.
if price breaks the lower trend line as stated in the chat then price is expected to drive down to form an extended wave V
if price breaks the lower trend line as stated in the chat then price is expected to drive down to form an extended wave V