Joe put up a nice clean big pic chart this evening.
“2/B” means we don’t know which, but 3 and C will make new lows EITHER WAY (once they are underway).
Ie, IF they are underway.
And C would end the correction. Or, we get just a bounce then for 4 then 5 down before we do.
No way to know ATM.

http://studyofcycles.blogspot.com/2023/09/case-for-third-wave.html

As for “once they are underway” …. unfortunately, we cannot rule out higher highs either, just yet.
I suspect little circle iii winds up being where black C is now. And we’re still in the circle iv now, as sketched in the prior post. Stay tuned.

PS … those initial waves down, are likely the subwaves of a wave 1 INTERNAL to C or 3. Not all of it.