We are currently in the WAVE 5 of the major timeframe .Within that WAVE 5 we are in the WAVE 2 at the moment.
Looking at the chart we may do a 5 WAVE Impulsive movement up to complete WAVE 2, before any bearish movement down for WAVE 3
Looking at the chart we may do a 5 WAVE Impulsive movement up to complete WAVE 2, before any bearish movement down for WAVE 3