I counted the waves trough and it sums up. We can label a flat 3-3-5 correction where wave B is a small 3-3-5 flat and wave C has 5 parts when you count wave 4 as a slightly irregular triangle. The correction is usually between 50% and 62% of the upward move. Depending on where we put the start of the move the current price is in between these two levels.
The is indicating oversold conditions and has not been that low on the daily for the whole bull run since early 2015. There is not as much fear in the market as I wish for the correction to be called complete but there is some blood on the streets and some uncertainty and doubt (Tether?) that can find resolution in the short term. I'm temporarily converting from bear to bull from here and keep watching the market action closely.