Here are a few more color commentary points from the peanut gallery. :)
The 5 min MACD is trying to curl up already. Seems a bit early to me. So, just stay on your toes, as once this downside completes, assuming this is indeed an ending diagonal for this 5th wave, we should see a very strong reversal which can take us back towards the ellipse overhead. Remember, when an ending diagonal completes, it often goes back towards the region from which it began.