It seems to me, that the chart is quite clear.
Current pullback is about 62% Fibo and straight into the upper border of the base channel.I labelled it as the second wave.
Expecting further downside in the BIG Triangle on the . Be ready for a great move in a 3/3 wave, that should be strong and vertical. AO or should confirm the 3/3 being at the extreme.
This is not a trade call.