Looks like we hit the bottom of wave 3 on Monday night. This hit a key ratio of 423.6% of wave 1. This makes wave 3 an extended wave which will help us to predict wave 5 once wave 4 unfolds. Since wave 2 was a zig zag (sharp correction), expect a flat correction for wave 4 (see Elliott Wave Principle chapter 2). This means that we will most likely see prices to drop as wave B unfolds followed by a rally into wave 2.