Our preferred count shows that wave C of 4 completed with the test of 1,680.75 in mid-July 2021 and a new impulsive rally in a wave towards 2,400 and likely even closer to 2,700 is unfolding. For this count to remain as our preferred count, the mid-July 2021 low at 1,680.75 must stay untouched for a break above minor resistance at 1,765 which calls for a continuation higher towards 1,808. A break above here confirms that wave C of 4 indeed has been completed and wave 5 is unfolding towards 2,400 and ideally closer to 2,700.
