However the main count still points out one more impulsive wave down opportunity as long as 1.3052 is not taken out. Even if it is, this recent move down still can be counted as Ending Diagonal wave (v). Only break above 61% Fibo will invalidate any bearish scenarios (grey rectangle) and break above thick red line @ 1.3162 will put the count into question.
On Daily chart there is even more bearish count with wave (4) moved a little bit higher. That would mean the current low is wave 3 not 3.
Seb
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