Looking at 2 scenarios from here.
(1) Complete ABC wave down (i.e.rejecting at 0.5 or 618 retrace and heading down to 346xx.
(2) Assuming ABC has already completed, starting a new 5 wave structure up to 55k
(1) Complete ABC wave down (i.e.rejecting at 0.5 or 618 retrace and heading down to 346xx.
(2) Assuming ABC has already completed, starting a new 5 wave structure up to 55k