(Click on the picture to enlarge)Odds favor that wave v of the blue wave c was a failuer, not being able to exceed the top of wave iv. We will need a break below 47.12 and more importantly a break below 45.95 to confirm that scenario, but at this point it looks quit likely.
If the above scenario is correct we are now in the very early stages of wave [C] which will bring us down to and below the bottom of wave [A] at 17.75.
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