Still not in a strong decline

As we can see in this chart after the first strong down side movement since the 4.64 the price have been stocked with what seems to be a standard flat, and where the b wave is near to it's end (unless its 5th wave extends)
Therefore (and confirmed by the base channel as far as now) is logical to expect that after a new visit to the lows near the end of wave 1/A the price retraces over the a)) wave highs arround the 4.00 before a new decline appears.

This is interesting at this point because the cooper has been saw as indicator of the health of the economy.