We are in the second Primary w of a Cycle wc, which is a non-standard pattern (abcxabc) that usually goes up within a channel.
There are two likely scenarios here:
1) Primary w is completed, so we are now moving up on to Primary w.
2) Primary w is not completed; we are at Intermediate w(B) of Primary w. Therefore; we should be expecting a minor retracement of Intermediate w(C) of Primary w to around 0.833496.
Based on my past experience, I am putting more weight on the second possibility.
There are two likely scenarios here:
1) Primary w is completed, so we are now moving up on to Primary w.
2) Primary w is not completed; we are at Intermediate w(B) of Primary w. Therefore; we should be expecting a minor retracement of Intermediate w(C) of Primary w to around 0.833496.
Based on my past experience, I am putting more weight on the second possibility.