The price is in a triangle corrective structure in the 4th wave. But, the daily structure could not allow the 5th wave break up the 3rd wave, so we could see a trunctation. Followed by a strong sharp correction.
At the beginning it used to look like a zigzag pattern, but with the new high, the pattern seems to start changing to a contracting pattern. So, it can tell us, that the structure is going to be respected.