Good afternoon

Just a quick one today , a look at the recent price action since the high on Tuesday :

After we counted the impulse there has been weakness, but it appears in a three wave move.... From that point there was a weak rally but it was rejected hard earlier today (x wave?) and turning back down. As you can see we are pretty close to the purple trendline, that line better holds for the most bullish potential. So I think we are in an unfinished Y-wave. Take notice that the Y-wave can finish a triangle as well.... We have seen that idea fail a couple of times already but maybe more chance on this lower time frame. 

I am out of town the rest of the day.

Have a good one!