The underway pattern isn't clear but seems to prevails the hypothesis that the wave [3] is over and the wave [4] is ending, and we are close to a bullish breakout (preferred scenario).
However, even if with less probability, we can't discard the alternate scenarios, according to which , after a top of Alt:a/w , the market is developing the Alt:b/x wave.
Have a great trading day....with care!
ElwaveSurfer
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