5th of the 5th

Extension of move from 9652 0 to 9820 (wave one) = 168

Add to base of wave four (10074)+168 = 102.42

So, if price can break new highs look out for an exhaustion at 102.42 roughly (if wave five equals one)

This could be a final fifth of the fifth of the larger degree wave three, so we may be in for a consolidation phase for a couple of months (quiet christmas) before we get the larger degree wave five extension, next year.

If price can consolidate over christmas and stay above 9400, then we will get a good bullish set up to trade the larger degree wave five. Which if equal to wave one ie. around 1200 pips. would bring us to a top around 108-110

All just conjecture obviously, so DYOR.. cheers. :0)