We have today completed 5 waves to the downside, which is an impulsive move considering time and length of the move. This probably means that the triangle wave B is now complete and wave C is underway.
A break below 100.80 would be a good sign for the bears.
Short term: I would like to sell a three legged correction.
very possible. As I wrote, it looks like we have completed 5 wave to the downside, but wave 1 of the decline could be a failed wave 5 to the upside.
Let's see what happens.