The channel drawn there is not right, if it were an impulse the 2nd wave wouldn't have been above the 9.4c high. It was likely an ending diagonal into a zig zag, which has now reached the 618 fib level. Looking for a bounce off the 200ema if it holds up. In theory, if this is the end of C, we should see a set of impulse waves starting from the 4.0c low, so watching for a change of structure, it does look to be putting in a descending triangle though, so it could have one more push lower.
