I have 2 possible counts, the light blue one and the medium blue one.
Likely possibilities: 1. The light blue path: we have finished subwaves 1,2,3,4 and are now concluding 5 at around $8650. Validated when price goes above $7760 which invalidates possibility #2 2. The medium blue path: we have finished subwaves 1 and 2, are now on 3 to bounce off $8650 with another leg down to probably $8550. Validated when the prices bounces off the top green channel line for one more try down and bounces off $8550 through the green channel, and above $8115 (the start of the subwave) 3. The price keeps going down to near $7250 ($7350? $7450?) and bounces there. 4. The price goes below $7250. Very unlikely, but if it does pass $7250, it may freefall from there.
Opinion: In past waves, when the subwaves of a wave bounces within a channel, the wave ends when it bounces off the channel too. I think that since this last wave is following the channel so well, that possibility #1 or #2 are the most likely.
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