Here we see a impulsive wave down and are waiting to see how this current wave forms. If it completes as a corrective wave then the probability of a zig zag correction increases. This scenario would complete a 3 wave correction and may land in the 0.618 - 0.786 area which would be inline with a wave 2 correction.
Comment:
incorrect labeling a-e should be labeled i - v but concept still applies unable to edit