The failed breakout has reduced the probability that b wave is ended, so a recount is necessary.
The new preferred scenario becomes the previous first alternate (slightly bearish); b wave is a sideways pattern (triangle or three) in progress with w wave of wave [c]/[y] in its mid-move; target = 1538.
The alternate count (bullish), that considers an Alt:[4] of wave a , is becoming less likely because it seems disproportionate with wave [2] , unless it was finished March 21, and because it appears as a "three" rather than a "five".
Have a great trading day ... with care!
ElwaveSurfer
The new preferred scenario becomes the previous first alternate (slightly bearish); b wave is a sideways pattern (triangle or three) in progress with w wave of wave [c]/[y] in its mid-move; target = 1538.
The alternate count (bullish), that considers an Alt:[4] of wave a , is becoming less likely because it seems disproportionate with wave [2] , unless it was finished March 21, and because it appears as a "three" rather than a "five".
Have a great trading day ... with care!
ElwaveSurfer
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