In this WEEKLY chart, my wave count is showing that what we have just seen is the end of a wave (III) of (V) of the larger wave (3). So what we may be seeing now is a wave (IV) of (V) of that wave (3). If this is the case, then we have NOT yet seen the end of wave (3) and when this wave (IV) correction is over, we will see the resumption of the wave (3) by way of a wave (V) down. If my count is correct, since this is STILL a wave (3) that has not finished, the wave (V) of this wave (3) can be pretty strong and can happen pretty fast.
There is also a POTENTIAL Cypher pattern here that could mark the length of the wave (IV). It's completion should mark the end of the wave (IV) and mark the beginning of that wave (V) down.