Judging by the current price action, the correction is starting to stretch out in time, which inherently leads to its further complication. The updated count suggests the development of a triple zigzag, acting as wave IV within a large-scale impulsive rally. It is also possible that this is not a classic impulse, but a leading diagonal triangle.
In any case, an additional upward impulsive wave would be logical to complete the forming wave structure. The question remains whether it will occur, and if so, when.
In the near term, the price may attempt another downward thrust. If buyers step in timely to provide support, it will create an ideal entry point for growth within wave V. Therefore, long positions can be considered at specific levels following a corrective dip.
Recommendations: BUY 1.1710, SL 1.1685, TP 1.1830.