I have just updated my Elliott Wave counts on my blog. See picture there.
The move down from 3433 is open to various interpretation. I can even count an impulse. So once again we have to wait and see what mother market holds for us in her cards. If my interpretation of the whole movements since December is right, then we are about to finish wave blue 4 inside of red C of orange 2. A nice pin-bar has formed now and we see a huge divergence in MACD and price on 15min and 30min chart, but I will not rule out a further push to the downside again.