I expect the last leg of a longer retracement to be finished soon. It might last up to the beginning of wave (2). Let's closely monitor price action from there. Once the trend line is broken to the upside we might see a fast price increase in wave iii.
I stick to this setup. Could be an EDT unfolding in wave c. Would be a strong bullish setup. Wait for an impulse wave to the trend line.
Merakshi