The pennant in the previous chart was negated and completely retraced down. So no wave 3 yet. So at this point, the trending indicators were pointing down and still are at this point.
Looking at the volume stats from yesterday shows yesterdays up move on very low volume. Usually meaning a false move.

If a wave 3 happens, it will not be slow and trudging as it is now. If this is the wave 3 of 3, it will move fast and furious to the upside. So this may be a start of a big down move
unless that big up move happens. The longer it moves sideways now, the more odds are that we go back down.

Right now, this reminds me of the Ewave international folks who kept insisting the up move from 72 in the US dollar was a start of a wave 3 of 3. And as we saw, that was not the case.

So this is like a few weeks ago in the US dollar. Just have to sit and watch paint dry to wait for a move.

Good luck,