My recent “To B” posts remain on track as one option.
Pretzel hit that theme on Wed also.
Basically, the Oct low was A, and now B up as countertrend.
B internally as abc zig zag, now in c. (Others seeing it as bearish c of 2 up.)
The ALT to this is also for high degree ABC, but ongoing wave B’s character changes.
From a zigzag abc internally. To abcde tri instead, more sideways than reactionary.
Don’t see much clarity between these two emerging before later this month.
But UVXY behavior looks closer to the triangle than the zigzag.
(its technicals are telegraphing less upside remaining)