The break below the minor support line was the first indication that wave B was over and wave C down has begun. If that's the case we should see a five wave decline on the lower time fram.The 5 minute chart below shows, a clear five wave decline from 140.80 to 139.60, which ends wave 1 and wave 2 is ongoing. Ideally wave 2 will end in the 139.90 - 139.95 area, setting the stages for wave 3 down.
If we are in some kind of flat correction, wave C down should be a five wave decline, if it turns out to be a three wave decline it could be a triangle og maybe even a Leading Diagonal (see the post below in regards to the dicussion about Leading Diagonals).
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