If wave count in cyan is valid, I believed market in retracement phase. As long the bullish continuation line keep intact, this scenario would still be valid. But maybe there will be a “double top” or false breakout before price starting to make a major retracement. Please study the cyan count and refer to BSTS signal before making any entry. Otherwise we may see another bullish continuation to complete wave 3 in white count. Watch closely all the new critical lines and wisely take a notes what is your trading strategy for this new trend.