At this moment, price already touched my lower red trendline and bounce back. Either they will be a bearish continuation and later break the lower red trendline, can only be determine later. I believed market in the process to complete wave a or subwave i before a major bearish trend after completion of wave b or subwave ii. Unless the price make a breakout to the bullish continuation line 3, this scenario would still be valid. Please look for a bearish continuation signal later once wave b or subwave ii is completed. Good luck.