Most likely, the sideways correction is unfolding by wave (b) in the form of a contracting triangle, followed by a downward exit in a five-wave structure (c). The wave count allows you to keep the ratio I> III> V on a logarithmic scale.
In the , there are two co-directional count options: with a single (pic.3) and a double (pic.4) in the wave b of (b). The first of which allows us to consider the transformation of one of the subsequent subwaves c, d or e to a multiple or triangle.
Wave 3 of (3) is likely to be extending. Next, a series of corrections is expected in the fourth waves, at the end of which, under certain conditions, a long position can be set.
●● Alternative scenario
The alternative count of the higher wave degree still has the probability of transforming "Supercycle" (b) to a double w-x-y.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
This is all done manually, without the use of any indicators.