I continue to expect a 5-wave move much lower for minor (green) C. Hopefully we have started on that path (finally). We do have an excellent fib relationship between minute (blue) a and minute (blue) c. I don’t have a lot to count just yet locally, but there are ways to count these initial moves off the high as a 1-2-1-2.
That said, we’re also still within parallel rails up here, and we will need a waterfall to break that so we can gain confidence that we’re heading much lower. So, hopefully we will see some of that tonight.
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