Bearish = yellow/orange
Bullish = green/blue
After reaching ~$8,100(wave IV and wave i coincide) and falling back to ~$7,600 (wave ii ):
if it starts to rise significantly (> $7,800) and heading towards wave iii , bear count could get cancelled. if it continues to drop from $7,600, bull count gets cancelled.
Exact values are references, since extensions and retracements are ongoing and not exactly predictable.
Bullish = green/blue
After reaching ~$8,100(wave IV and wave i coincide) and falling back to ~$7,600 (wave ii ):
if it starts to rise significantly (> $7,800) and heading towards wave iii , bear count could get cancelled. if it continues to drop from $7,600, bull count gets cancelled.
Exact values are references, since extensions and retracements are ongoing and not exactly predictable.