There’s a developing ending diagonal in wave [v] of C. Inside this pattern, wave (iv) may have been formed.
So, there’s an opportunity to have wave (v) of [v] in the short term. In this case, the high of wave (iii) is likely going to be broken soon.
As we can see on the one-hour chart, we’ve got a double zigzag pattern in wave (iv). Also, there’s a developing wave a, which is likely going to be ended on 7/8 MM Level, which could be a departure point for wave b of (v).
By IGOR TOLSTYKH, FBS