Not only have we successfully back tested yellow descending and made a new top, we have broken through 0.382 fib retr. level. If we manage to break above 0.5 level, we may well consolidate a bit in a 0.618 and 0.786 area before another leg up.
That doesn't mean that we cannot have a small correction from here. We have to be prepared for anything in this market haha.
You have to understand that i am not a financial advisor and non of this is a financial advise. I could be very wrong about all of this.