Yesterday the strong pullback stopped near 1435, the level at which the first alternate count becomes the main scenario.
I'm considering a second alternate count involving the formation of a sideways (three or triangle) in progress, which means that the corrective wave from the top is an intermediate degree wave (x) and not a minor wave degree (x).
However, as long as the market does not break 1435, the trend remains bearish.
Have a great trading day...with care!
ElwaveSurfer
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