According to EW , this is a correction ABC waves on going
http://www.forexabode.com/images/forex-school/corrective%20waves%20during%20uptrend%20and%20downtrend.png
http://www.forexabode.com/images/forex-school/corrective%20waves%20during%20uptrend%20and%20downtrend.png
Note
Have a look there : forexabode.com/images/forex-school/corrective waves during uptrend and downtrend.png
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.