At the moment, market in Retracement Bullish phase. The price in the process to complete wave 4 and 5 in iv before start going down again to complete wave v and c. But please take note that there was a "Exhaustion Gap" (purple rectangle) which a sign of reversal. And yesterday we can saw another gap (outline purple rectangle) but its didn't show in the chart today. If the gap do exist, that shows an "Island Reversal" pattern (bigger outline purple rectangle) which is a sign of reversal. So from that point of view, I came out with an alt count (white colour). As long the price not breaking the major bullish critical line, a Bearish Continuation scenario would still be valid and later going down to complete wave v and c. Otherwise if the point is taken, the market might be in Bullish Reversal trend (alt count -white). Preferable - Retracement Continuation until further notice.
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