After a bearish 3 wave cycle ending with regular divergence, its developing the 2 wave corrective bullish cycle to 100% extension with head and shoulders in progress.
Long term view: After a triple bearish cycle ending with bullish divergence, looking for potential corrective cycle up to 50% retracement.
After a triple cycle down ending with regular bullish divergence, developing the 2 wave correction up to 100% extension. Potential bullish head and shoulders now.