Yesterday there was the decline expected but too deep, and the breakdown of 1418 changes the main scenario;
take over the hypotheses that the last top complete a w-x-y of minute degree, and the downward move from 1438 is a 5 wave sequence to complete the wave [a] of zig-zag x .
Today should start the bounce of [b] wave.
Alternative scenario: the downside is more extensive both in time and in price because the last top closes a minor wave W and began the wave X .
Have a great trading day...with care!
ElwaveSurfer
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