I said soon after the top was struck that the correction would likely unfold via time as much as price.
And coming after a parabolic (W3), W4s are known to be mercurial.
They can be simple ABCs (as flats or zig zags), wedge ABCDEs, complex corrections, or double or triple zig zags.
They are DESIGNED to frustrate everyone. I think this one did.
So …. with the benefit of hindsight, time, and evolving ‘debate’, “Breeze” now offers this hypothesis.
This one looks correct to me. TWT, of course.

“GDX Wave Count Update. I’ve relabeled the wave count for Minor Wave 4. It unfolded as a WXYXZ.
Wave (v) of Minute Wave (circle) c of Wave Z of Minor Wave 4 is in play with a target of 77.23.”

W, Y and Z are the zig zags (each is an ABC internally).
X waves are the linking (fakeout) rebounds.
I do not believe there is such a beast as a quad ZZ.
ATM, Fully’s call for a GDXJ bottom still stands. But won’t if this plays out.