A detailed Elliottwave correction is labelled. A large wave 3 impulse was followed by an expanded flat Wave 4.
We may have just completed a wave v or 5 of c of C of 4- which has taken the shape of an Ending diagonal. This has also ended at the previous Wave 4 which is typical such corrections. This seems to have ended wave 4 - a large ABC expanded flat.
If the...
It seems wave 4 is terminated around 173 level. We had a strong rejection candle around that level. The counter might be going for wave 5, the minimum target of which is 80