Cross-road

Two options, as I mentioned earlier:
1. We have waves 1-2 after the triangle (triangle is precedes the last wave in a structure, be it an impulse, or a zigzag). Watch for the overlap marked with a blue line - that invalidates option 2 (of course, with an exception, if we get another waves 1-2 to the upside - then read option 2-1). This option leads to future lower lows.
2. Waves 1-2 to the upside. Overlap invalidates it, as a potential wave 3 should not retrace to the extreme of wave 1.
2-1: exceptions/ subalternatives:
- another 1-2 to the upside of a smaller frame (within a possible extended wave 3)
- a leading diagonal.

If you have difficulties in figuring out what I am writing about, please, read Precter :) and have fun))

Have a nice week-end!