However, we still have a legitimate double zigzag correction count (purple 5min) in play and price just tagged the lower trendline (purple) on the daily chart.
At the moment I have to give the advantage to the bears, however, there may be a bounce setting up here and that bounce will determine if the bears can make a larger degree five waves down.
If the bulls do not fight here, the bears may have a gap and go drop coming up that would represent some form of 3 of 3 event.
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