Wave X (brown) could be considered completed if price breaks above the long-term resistance lines (orange/yellow). Alternatively it could head to lower levels for a wave X (brown) if it breaks below the support trend line (light green).
The trend lines are important as a bullish breakout (above magenta) could indicate a potential ABC (light green) whereas a bearish breakout (below green) would show the prospective of a downtrend continuation.
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