The odds are in favour of more retracement

Since the movement to the upside is most probable the first of a new sequence and most probable the first of a new impulsive movement, the odds are in favour of more retracement.
Then the most probable scenario in my elliott wave theory is that we are in the middle of an expanded flat
The actual up side impulse is the c)) (micro) of the b wave that will be most probable followed by a more longer down side impulse will act as wave c of the entire expanded flat