I tried to assign the Wave Counts for this down movement up until now.
We're currently facing a contracting movement with overlaps in a background which is called an Ending Diagonal.
Some call it a Wolfe Wave and as Mr. suggests the upside target would be at the touch of connecting 1 to 4.
I'm taking the order when I get triggered in the shorter timeframe and will have 3 positions and close them at different Fib levels and structures.
The Stop Loss would be at 100% price projection of wave three of the diagonal which will void the wave count.