[00:10] FET Holding Below First Resistance: Market continues to respect resistance levels in a bearish way, unable to push above the first pivot at 29 cents with downward pressure persisting in both yellow and white Elliott Wave scenarios.

[00:31] No Evidence of Bottom Formation: Analyst states clearly there's no evidence that a low is in place yet, though a larger B-wave bounce remains possible in the yellow scenario requiring a turnaround signal.

[01:02] White Scenario Takes Lead Without Reaction: If price doesn't show a reaction in current region, the more bearish white scenario will dominate, suggesting both wave counts show incomplete corrections ahead.

[01:16] Five-Wave Decline Confirmed: Analyst spent significant time in recent days confirming a complete five-wave move down, forming wave A in the yellow scenario which sets up for ABC B-wave bounce structure.

[01:44] Two Distinct Scenarios Diverge: White scenario suggests waves A and B already completed with direct C-wave decline forming, while yellow scenario anticipates upward B-wave first before final C-wave down.

[02:10] Absence of Bull Activity Concerning: Analyst questions "where are the buyers?" noting lack of bull activity, stating that even a noticeable B-wave would signal buyers still exist in the market.

[02:33] Key Breakout Level at 27.5 Cents: Move above 27.5 cents would signal yellow B-wave scenario is playing out and could send price into upper resistance area, serving as critical confirmation level.

[02:50] 18.1 Cents Target Remains Active: 100% extension target at 18.1 cents discussed over recent days remains valid if B-wave already topped, representing same length as wave A in typical weak bounce pattern.

[03:19] Micro One-Two Setup Required: Clear bullish reversal needs micro one-two setup to the upside to signal larger recovery is underway, providing specific structure traders should watch for.