We now have enough EW pattern to give us a clue as to what to look for. We need to make sure we don't get ahead of ourselves and pull a trade without confirmation. For now we can see if our pattern works out and sell for a rally to the upside until our longer term trend turns around and becomes bullish. At this point we are still in a down trending move.
Based on todays move we could be looking at a WEDGE formation and this could be found on 4th or B waves. Where we are on the count this looks more like a 4th wave to me and we should see higher highs. Again, we cant get ahead of ourselves but we should be aware of this.
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