according to my Elliot wave count, we could already now have seen the end of the bigger wave 2 which is essential to correct our 5 wave impulse in wave 1.
The structure that we have seen in this correction looks like a ABC correction to me with an overshooting B Wave. This means that the C wave is right now finishing and we should sooner than later start the next 5 wave impulse in wave 3 to the upside.