The C wave completes a bigger 3 wave structure before starting a larger final 5th wave down. People have been discussing the possibility that it is a triangle but the most recent price action may have confirmed it is not.
For now, observe. The downmove will be big. The hint that it is a flat is that the B wave ended near the start of A. Furthermore, the current price action is indicating a final 5 wave pattern. Especially the price rejection at the smaller "4th" is hinting on that.
I was totally wrong on the Triangle being invalidated, it had to break above 0.78362 which was the price point here where I believed the triangle count began. So basically we are still in the 3-3-3-3-3.