Possible wave structure interpretation

Expecting another wave (C) decline to unfold once C of (B) is done

Kommentar:

a solid close below the previous supportive zone would suggest wave C of (B) has finished

Kommentar:

bearish outlook

Kommentar:

preferred count in pink

Kommentar:

close to a reversal ? preferred count in red

Kommentar:

looks like bears might win the battle, waiting for Guyyp EMA sell signal

Kommentar:

took an initial short as i believe the yellow count is valid, guppy EMA
also says yes

Kommentar:

still going up, no clear sign of reversal

Kommentar: