Double failure swing high?

Thinking in alternatives.
I suppose there will be a double failure swing high, a 1-2 1-2 in wave 3, which means a sizable downward pressure towards 2500 as the blue waves represent.
But there is another alternation. If the falling red channel breaks upward, then there is one more rising wave. This is illustrated by the purple waves.

We will see which one is in the pocket.
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