Has the first wave higher now completed? We look to but into dips. Bespoke support is seen at 0.7000. This is just inside of the current 50% pullback level of 0.6990 (from 0.6748-0.7233).
With Demark posting a 12 count on the daily chart (13 is exhaustion) we look for limited downside. We are possibly forming a reverse Head and Shoulders pattern. We look for a break of resistance to the upside.