Price reached the 38.2% retracement level, which is a common retracement level for a 4th wave, before being turned back. Also, notice the nice alternation with wave [2].
At this stage, price action needs to take out the 304 L, which I'm confident will happen. Downside targets include 270, which is the 61.8% projection of [1] - [3] . The 2:1 of a sits at 266.50.
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