At this moment, market already touched the upper yellow trendline. Either corrective abcde in subwave iv (magenta) is already completed and we shall see a bearish continuation to complete subwave v (magenta). A true breakout to the lower yellow trendline would bolster this scenario. Otherwise we may see another bullish retracement continuation to complete subwave iv in yellow or wave 4 in white. Good luck and have a nice weekends.
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