Current model is below. That's a pretty week count for black 5 so it really might just be black W3. But either way the falling wedge to the level of the prior 4th most likely signifies that a reversal will soon occur and in this case, upwards.
I also recognize that blue 1 could be a C wave of some kind of larger HT or falling wedge per the black model below so I am using fairly tight stops on this trade. But right now my primary model is red, not black.
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