I was expecting a new all-time high after the pullback from the February 24 high. The rally off the March 12 low to March 19 high was motive. The bearish count has a slight preference over the bullish e-wave counts.
The bearish count will be preferred if the price declines below $121.63 with a completed motive wave.
The bullish count will be preferred if the price rises above $129.25. There would be at least one more pullback, but the all-time highs would then be challenged.
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