General overview for 06/08/2014:
A slight adjustment in corrective wave labeling has been added to the chart but the general mid-term outlooks stays the same: bias is BEARISH and breakout and daily close below the level of 172.22 reinforces the view.
171.10 – WS2
171.62 – WS1
172.22 – 172.46 – Supply Breakthrough Zone
172.92 – Weekly Pivot
Sell the rallys.