At this moment, unless the lower red trendline is taken then I believed we may see another bullish retracement trend to complete subwave e in iv (yellow) before expecting for another bearish continuation trend scenario. Therefore, please be careful for any bounce scenario from the lower red trendline. Otherwise, a breakout towards the bearish continuation critical line 1 would indicate that market maybe already in progress to perform subwave 3 in white. Good luck.
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