The dip of the previous analysis proved to be first leg of a three wave pullback. I am looking at the retracement from 123201 as unfolding in a zig zag pattern. It looks as if the pattern is now in its third wave.
It is a bit early to look for buy opportunities but I will monitor this pattern closely.
The bigger structure, starting with the wave 1 rally from 80472 to 123201, is still bullish and will only be invalidated by a break below 80472 so I am more focused on long opportunities.