Swix view tells it...
The 5th leg of the Intermediate (A) wave of the Primary [C] wave of the bear trend is set to resume with the completion of the Minute [b] wave at the 0.618 retrace ratio of the Minute [a] wave. Viz:
Note that ( b ) enters (a) thereby negating any impulsive assumption.
LINK: Previous ALSI Swix charts