This is typical for wave 5. Many times this wedge show up, ending diagonal. It goes A to E like the chart shows. Im guessing this is the beginning of wave 2 down to 1500-1450lvl. After that we shall see big wave 3 up to 1640. Wave to usually go minimum to 0.5 of big wave 1 but also could go as low as 0.854 in total. see fibb lvl.
Best regard Xeptortrading.
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