Chart 1H - Please noted that there was 3 possible alt counts which is either magenta, yellow or white. Preferably, I'm looking for bearish continuation either refering to alt count in magenta or yellow. Therefore, please confirm form your BSTS for any bearish continuation entry signal. Otherwise we may see a bullish trend according to the alt count in white.
Chart 4H - I'm looking forward for a completion of subwave ii (magenta or yellow) before expecting for any bearish continuation trend. A further breakout to the lower major red trendline would bolster this scenario. Otherwise if the price move further upwards and made a true breakout to the bullish continuation line 2, this scenario would be invalid.
Chart Daily - I'm looking forward for a valid reversal diagonal triangle pattern (rising wedge) which is refering to a bearish reversal trend to perform either to alt count in magenta or white. But please be carefull for any bullish continuation trend refering to alt count in yellow.
Summary :
1) Preferably looking for a bearish continuation trend and a further breakout to the major lower red trendline would bolster this scenario. This scenario would be invalid if there is a breakout to the bullish continuation line 2.
2) Please also be carefull for a possibility of the bullish trend. A true breakout to the bullish continuation line 2 would bolster this alt counts.
Happy trading and good lucks.
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