When you see correction wave (blue), moves 61% of the previous impulsive wave (Red), specially if that happen more that one time, you can feel that the correction wave direction may dominate soon. I' am worry only about the new lower low. Wait and see..
Note: Healthy trend has impulsive signals much longer than corrective signals, and trend weakness starts when correction signal start to be more than 50% of impulsive signal.
Note: Healthy trend has impulsive signals much longer than corrective signals, and trend weakness starts when correction signal start to be more than 50% of impulsive signal.