Bottom Line: Two Alternatives – Lower for wave 2

Alternative 1: Chart above
22/03/26 10:09 EST (Last Price 5.9):

We’ve updated the internals to suggest that wave 2 is still unfolding as a zigzag. We anticipate an ending diagonal type of price action for the rest of the remaining decline. Target for wave 2 is between 3.7 and 5.4

Since 61.8% of wave 1 is 5.4, a reversal can also occur from 5.4 (minimum requirement has been met). 

Alternative 2: Chart Below
Chart below shows a more bullish stance

Bottom Line: Higher for wave (iii)