Started an Impulse up and correcting? or still on the last?

Did we start an impulse up, and this just a correction, or are we still on the last correction?

I vote still on the last correction. Dumps like what we just experienced are impulsive - they are in the same direction of the impulse, therefore the impulse is down and therefore we are still on the last ABC correction down.

The question is: are we on wave C, or just subwave B of wave B? I think we started wave C just based on the strength of the movement. Subwave B should be the weakest of the three waves ABC, and this big dump is similar to how wave A started.

That is just a feeling I have, but it is possible that we just experienced a Subwave B of Wave B. We chart possibilities, not certainties.