We have been tracking for a while–since November 2019–the possible irregular flat correction pattern, whereby Wave (b) exceeds the beginning of Wave (a) and Wave (c) carries lower than Wave (a), as you can see in the chart below.  An extension for Wave (c) as a percentage of the Wave (a) in this type of pattern can often carry to 1.38–the high end of an irregular corrective pattern.  The 1.38 extension comes in at 1.0901.  The low today was 1.0889.  We are seeing a reversal bar daily basis possibly setting up.  Watching for a close of this bar above 1.0909 for added confirmation a low may be in place; i.e. Wave [ii].