It looks that the recent sharp leg down was the Wave C of Wave (4) and hence we can see a little more upside as Wave (5) takes it’s course.
In any case precaution must be taken and strict stops must be put in place as the alternate count in Black can not be neglected at this point.
To understand this market in more detail you can view my last video report here.
I will update further as this market progresses.
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