Chart 1H - Preferably, I believed market have to perform a bearish retracement trend either to perform subwave 2 in magenta or subwave v in b either in yellow or white before expecting for another bullish continuation trend to complete corrective wave c. Therefore, please analyse all critical lines and breakout to determine which alt counts is more favourable later.
Chart 4H - I believed market just performed a "throw-over pattern (bearish trap) and looking forward for a bullish continuation trend once corrective wave b is completed (magenta, yellow or white). Please wait for any breakout either towards the upper or lower trendlines to determine which alt counts that is more preferable.
Chart Daily - I believed market in progress to perform a bullish reversal trend to complete corrective a, b and c either in magenta, yellow or white. A valid diagonal triangle pattern and a further breakout to the bullish continuation critical lines would bolster this scenario. But please be careful for any bearish retracement trend to complete corrective wave b either in yellow or white.
Chart Weekly - Favourably, I'm looking forward for any bullish retracement trend to complete wave iv in yellow. But please be careful for any bearish continuation trend to perform an extension of wave iii either in white or magenta. Advisable to look for any bullish continuation entry signal from BSTS later.
Summary :
1) Preferably, I believed market already in bullish reversal trend (Daily) or bullish retracement trend (yellow - Weekly) once corrective wave b is completed. Therefore, please be noted that corrective wave b could either already completed (magenta) or still in progress (yellow or white).
2) But please be extra careful for any bearish continuation trend to perform an extension wave iii either in white or magenta in weekly.
3) Advisable to look for any bullish entry signal from BSTS later next week.
Good luck.
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