First close below the 100-day MA from 6 months.
Even if the yesterday's bottom is equal to 100% Fibonacci's extension of wave w from wave x , the downward pattern doesn't seems completed.
Preferred count; it's likely a rebound or a sideways, that could be wave [b] of y .
Alternate count; wave Alt:y is over.
Alternate count; wave Alt:y is over.
Have a great trading day...with care!
ElwaveSurfer
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