In the previous update posted yesterday I noted that NG may be declining in a corrective W-X-Y structure off the November 2018 top.
Again we have two options here:
the first is that we are still working on five down in wave ( a ) of Y (red labels)
The second is wave (a) down and (b) up are upon us and we have started ( c ) down (black labels).
in both cases it should keep moving down. I do not see a potential completion for none of those two scenarios. No setup here. Keep watching.