ROSE - 1ST SCENARIO
I have been able to narrow the previous 4 scenarios down to 2 after price took an opposite turn in all our previous scenario.
In this first scenario we will take the last low as a truncated 5 which makes previous price action a whole wave A and an end of the downtrend.
Therefore, we have about to complete the wave 1 or A depending on the structure of the movement whether it is corrective or impulsive.
See second scenario for context.