Published May 1st, 2008 - 06:59 GMT Al Bawaba The bearish break this morning confirms that wave 3 (or c) within the 5 (or 3) wave bear cycle from 1.6018 is underway. The initial bearish objective is at 1.5230 and risk can be moved to 1.5643. Near term resistance is at 1.5540. LatestPopular Bashar Assad, Maher Assad get death sentence by Syrian court New leaks: Trump secretly left Turkey amid Iran's assassination threats Sephora to open in Israel without Huda Beauty New iPhone releases decrease prices for old models - rumor says not anymore Israeli 'activist' posts racist AI video of African migrants being moved like trash Loading content ... Subscribe Sign up to our newsletter for exclusive updates and enhanced content Subscribe Now Subscribe Sign up to get Al Bawaba's exclusive celeb scoops and entertainment news