Correction Continuing
The Wave 4 (red) correction is continuing. It has retraced more than 38.2% of Wave 3, so it could test the 50% retracement next week. But, as pointed out previously, it is possible that Wave 3 has not completed and Wave 4 is actually a subwave of Wave 3. Thus the labels 3 and 4 in red in the chart could be i and ii instead. This is rather optimistic, but let’s see next week.