Whether we see that leg lower (7th arrow as described in previous post) or not, this move up of smaller degree is likely not over yet. We saw a failed retest of what has currently been counted as either 1 or A (RED). This might indicate some kind of 'Flat' correction or maybe a triangle correction.
Nevertheless I'm looking for a deeper pullback (wave C) followed by a break out of the upper non-horizontal (RED)
I included the RSI to show the divergence sign, although I personally don't use the RSI (rather use the MACD or Awesome Oscillator) you can see the picture what I am aiming at.
We have to wait and see whether a consolidation/correction lower is next, if that happens I will be looking for the break-out for a buy trade.