What does a flashing left yellow arrow mean?

Vehicles turning left must stop if they can. The light will soon be red.
Only right turns are allowed.
Left turns are allowed. Yield to oncoming traffic and pedestrians.
None of the above.
Explanation

A flashing yellow arrow means that left turns are allowed, but drivers should remember that oncoming traffic has a green light. Therefore, they must yield to other cars before turning. Drivers may stop in the center of the intersection while waiting for a gap in the traffic.

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