Wave b black has completed as a complex running flat, as opposed to on-going triangle construction (alternate 1 - refer to linked idea).
Wave 2 pink is equal to 0.618 the length of wave 1 pink, suggesting the possibility that minor wave 1 blue could be in its early stages of development.
Immediate price action may find resistance at ex-support trend line OR at the 61.8 retracement where there also lies a potential structural resistance.
Ex-support (provided by wave A of wave 5 of expanding diagonal) is respected several times.
I'll be waiting for trend line to break, to add short. _________________________________
Assimilation - "Minuscule inverted flat 3-3-5"
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Ex-support has been breached, before a 5 motive structure.
Previous assimilation count failed to respect the basic structure count of a flat correction of a 3-3-5. It was not surprising for the resistance level to be violated.
Most recent orthodox high terminates at a price where wave Y equals the length of wave W. However the wave Y of a double three corrective structure must always unfold as either a zig zag, flat or triangle. A simple motive structure does not fall into any of these unless it is labelled the end of wave A of an on-going zig zag construction, which is to be expected in the following count.