NEO/USD How may we have a bull?

We have a correction which has been swing in a channel. It is possible that correction has been ended by wave (y) at 10.08 level. But if we look at the wave w ( green arrow) you will see that is a correction wave, and wave y ( blue arrow) has the structure of an zigzag. There is a possibility for lower line of channel to be broken down to the red trend line and then bounce up again. Actually the structure of the wave is tricky and it is possible that this is a start of an impulse wave which would continue downward. So be cautious.


Good Luck and Best Regards