The view from the above. See the very same pattern? It is the expected hard trend breakage. It is already happening!
That's why there's so many confusion around. The same pattern, the same conditions, the rally is still on!
If we fail then a new WXYZ will form:
The failure can be confirmed with the price moving below 7650-7600. Because at 7600 it would become clear, that a "higher timeframe correctional WXYZ" is forming instead of the expected hard trend breakage.
Right now we are headed towards microscenario #II: