We have broken down from blue wave B as shown on the previous analysis (see related idea), and are currently forming blue wave C.
I expected at least at test of the black trendline (in the mid 140s).
The trendline could provide some support, but my primary scenario is that this is only the beginning of a larger correction (Black A-B-C). It is still too early to tell, and I´ll update as price action give us more info.
A break of the trendline would find the next support at the high 130s.