Right now, there are wide error bars on a potential 2/B, given the structure. Essentially, a potential 2/B ranges from "already basically done" all the way up to "rough retest of the all-time high." Sorry I can't be more precise than that given what's on the charts at the moment:
In conclusion, the odds are better than 50% that we now have an impulsive decline in place, though I can't entirely rule out an ABC structure. Assuming it is an impulsive decline, we should see at least one more leg down of roughly equal length -- or much greater, if that's nested within a still-larger developing impulse. Trade safe.
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