It looks like the market chose the most confusing structure to confuse everyone looking for a turn and convince them that it will never come.
Right now it looks like a possible ending diagonal, so there might be a bit more to go (although the 5 can undershoot or overshoot), but basically the 5 can end any time from now up until the upper pink TL. The green line at 2001 is an important overlap - it will overlap the first wave down from ATH, so getting above that would be worrying.
... wave 1. this is an impulse /with the 5. wave extension/ . ED must have structure 3-3-3-3-3.
alx13
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Thank you for your comment. It is true, ED normally has a 3-3-3-3-3... structure. But there are also EDs with 5-3-5-3-5 structures. They are more rare, but they do exist.