Preferably, I believed market in progress to performed a "bull trap" scenario either to complete wave 5 in magenta or aqua. Therefore I am looking towards any potential of bearish reversal trend to complete corrective wave a, b and c either in magenta or aqua. A breakout to the lower red trendline would support to this scenario. Otherwise we may see another bullish rally to complete wave 5 in yellow. Good luck and stay safe.
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