Nothing has changed in the old bullish count
We can’t be sure if the wave ( A ) of ( 5 ) has topped already.
That drop may very well be – iv – down before another push higher in wave -v- up to complete that ( A ) of ( 5 ).
Now look at 90 min chart showing subdivision of that wave ( A ) up that has to have five waves:
Ideally that a-b-c shaped move down should hold over 28.05 ( 61.8% retracement of wave -iii- up )
If it drops under that level chances for wave -v- up making a new higher high before wave ( A ) up completes will be significantly lower.
If it drops to the Green Zone than it still makes a good long setup but only for a bounce. If it drops that low I will not be confident about immediate move to a new higher high.
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