Commentary: It seems likely now that a larger correction is unfolding from 105.91. Corrections unfold in 3 waves (A-B-C) and wave C is underway now. Resistance should be strong in the 108.35/50 area; which is the confluence of the 61.8% of 110.11-105.91, 100% extension of 105.91-107.92/106.35, and 1/15 high. We will look for a top and reversal near there.
Strategy: Flat
Al Bawaba
