following up on remarks I made here last spring after the waterfall move ended
(paraphrasing, now we get into a 4th wave consolidation)
That consolidation phase ended last month,

and now I have a signal that the 5th wave down has started.
It would be typical to see an ending diagonal form (wedge), where the first sharp decline (underway) retraces considerably, before declining two more times to lower lows.