The initial idea is still alive. The probability stays the same - around 50%. It will be compromised if the market crosses down "critical point B". If the market overlaps "critical point A" then the probability of this variant is going to jump significantly.
The original idea is published here:
P.S. Please do not be confused. This is not pure Elliott Wave Analysis. This analysis is based on my fork of Elliot theory. The simplified concept of this fork is published here: plus.google.com/102703249206977009572/posts/Sc1MCdZiWNR
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.