Resistance

Price has rallied into the resistance again but resistance is holding. Price actually went higher than expected but the count remains the same. The main count is for price to go to the 1.27 - 1.28 regio. The alternative count has price in the early stages of wave (Y), B of A of (Y) to be more precise. With this alternative count, price should not go below 1.2858 and could form a inverse head and shouler pattern. Both counts have price going lower in the short term.