Bearish Count, the more likely scenario
Why? We are unable to break above the 60 RSI.
On our way to complete our last 5th Wave down for the ABC
Confluence at $7.772
My count of the 4th Wave of one lesser degree, with Fib retracements from both Corrective Waves
A break above $11.6410 would mean my Bearish Count is invalidated
Short when it breaks below $9.0887 with conviction(volume)
Bullish Count
Should we complete 5 waves up, start buying on the retracement.
Any targets not hit will be bought upon the breakout above the end of Wave 1.