Either we are consolidating, for Wave B then C down or this is some how could be counted as a base for Wave 3 trying to establish a ballistic move up. I have analyzed it extensively mentioning all probable bullish/Bearish out comes with statistics and probabilities. In a nut shell seasonality is favoring a bearish move Vs fundamentals, car production, that are favoring a bullish move. It looks very clear that we have completed a Macros ABC down from ATH. Now this is part, more probably, of a bullish macro move with ups/downs . Risk down is, if you are bullish, (-30%) according to probabilities Risk up if you are bearish is +200% according to probabilities.