I assume we are seeing initial rebound of another rally up. Now local correction (1)-(2) shall be resolved and (3) wave serious price improvement shall appear.
Comment:
Its not a typical movement, however, we could be over (2) correction now.
Comment:
Correction - we are still in (2) wave, waiting for a bottom and rally up.
Comment:
We shall be in the very beginning of (3) wave.