(#2nd scenario) ---This scenario implies that this is a continued (WXYXZ) wave pattern. If this was this pattern we in my opinion would be looking at this green zone below based on the last extension from the (0-4th wave) on the last wave down at (0.382) we would land here in this zone before a strong bounce up which would be our next (C wave) before another continued down move.
As always these are my opinions. Good luck out there : )
Nota
But again i like scenario #1 better for extension purposes
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