IMO this bounce is corrective as noted by wave count and should see further downside.
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Oops, not trying to reference Imperial Oil, but rather 'In my opinion'.
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Still seeing a complex corrective bounce: wxyz + abc = ABC
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IMO this corrective move ended with C terminating higher than the end of B. Terminal move now in progress.
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Correction - Supposed to read ‘C terminating higher than end of A’.