It is too early to succumb to emotions, since there are still many stops under the lows. Most likely, this is a short-term trap, but if the price goes out and fixes above the red zones, it will become a more bullish sign.
When the minimum is updated, the fifth wave of the lower order will be placed, after which we can expect a rebound in order to close the gap.
When the minimum is updated, the fifth wave of the lower order will be placed, after which we can expect a rebound in order to close the gap.