The answer is looking more and more like NO. On the 1 Hour chart, you can make out what could be a small 1 Dn, 2 Up and start of 3 Dn, which could be part of the start of wave 1 Dn where there would be 5 wave to complete c Dn for either A Dn or C dn. A worst-case scenario would be that the lower blue channel line will be broken, and price will fall to the lower line of the new shaded channel I just added before this correction is over. It's still early but preparing!
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