Update

Leg higher as expected and all this one month after the previous high. Still the most likely scenario is b-wave and 5w high.

Two legs higher with the same size this should be a b-wave in the big picture.

In theory this should be 5w high and in the big picture we should see a decline into 20w/40w low.

Update

Still following the same 5w low and now bounce probably for 5w high. Looking the price action(very choppy) and market breadth indicators I do not see capitulation which means it is more likely this is not the end of the correction, but just the first wave lower.

It looks like wedge/diagonal lower and now we should see b-wave higher. Alternate one more push lower to complete the a-wave.

It took two weeks but support/neckline nas been touched and now we should see a bounce.