At this moment, basically I can divided market in 2 possible scenario :
1) Magenta Count - Corrective wave b is already completed and market in progress to perform corrective wave c in 5 bullish wave structures. . A valid an inverted head and shoulder and a further breakout to the upper green trendline would bolster this scenario.
2) Yellow Count - Market in progress to perform wave iv before expecting for another bearish continuation to complete wave v in b either a truncated or an impulsive wave (white). A pullback from the upper green trendline and a breakout to the bearish continuation critical line 1 would bolster this scenario.
Therefore, please confirm either scenario from BSTS and any breakout later. Happy weekends and good luck.
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