My primary count considers that we are currently in Black wave 5, which will wrap up Gray wave 3.

I don't expect this next wave to go much further than black 3, and the 20-25 range should offer resistance for the next correction (gray 4).

Alternatively, the recent leg down is just black A of a larger ABC correction. This count would still make the overall scenario valid, since Black 1 invalidation is all the way down at 9.25.
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