MATIC: The price is trying to form a low in this region around the 50% and 61.8% retracements. If the next move to the upside is impulsive i will assume that wave iii has started, but it is possible that a wider wave ii correction unfolds, and the price can use the entire support zone if needed. At the time of sending this update, there is no confirmation that a low has formed. It minimally takes a convincing break above the descending trend line to indicate that wave ii could have formed a low.