If I may, I note that you are suggesting "Expanding Ending Diagonal" (EED), for the recent price action. Presumably to suggest that it marks the end of the bearish cycle. However, whilst EED is valid pattern I am not sure that it applies in this case in the manner you have suggested. Because even in EED the Rule says wave 2 cannot retrace more than 100% of wave still applies and it seem in your chart it has breached that. So if it is expanding diagonal of some sort it could be wave "x" suggesting the cycle could actually resume the previous trend. OR that the cycle ended at your wave 3 low in some sort of zigzag and that a retracement phase is in play since wave 3 low.