I've been following this emerging pattern for a while now and believe it's a WXYXZ triple zig zag corrective wave after the recent rally we had. I don't think the rally was a bull rally though. I think it was a B wave and we are now in a massive 2 year C wave which will play out similarly to what happened in the A wave of 2019.
Trade active:
Opened a short from 10420, expecting it to go down 5 waves to ~8600.
Comment:
The fractal pattern in the background is a little bit off, which I've corrected in my follow up close-up chart link below.