Wave 1 is not complete yet so this is just a provisional count, when Wave 1 completes, I will adjust but I believe this count will be very close.
The 5 waves down will become invalidated if the price action can go above the top blue line and into the bull case....for some unknown reason to the market.
For now, the previous corrective wave has led us to this position now.
Ram
2023-06-08 18:46:42 +0000 UTC