There’s a downward double zigzag, which is supposed to be wave (2). Previously, we have a massive advance in wave (1). In this case, we might be at the early stages of wave (3) of ((C)), as shown on the weekly chart below.
At the same time, we can’t rule out that wave (2) might be a little bit longer, possible as a flat pattern. We will continue considering this option in intraday updates as an alternate scenario.
