Start of wave [iii]?

On Wednesday I mentioned the possibility that wave [ii] hadn't ended yet. Already on Thursday we could see that this corrective wave was still underway. It actually hit the 62% retracement (a common retracement for a wave [ii]) and topped out.

After the support line was breached today, we could see some nice red candles into the close. That suggests that wave [iii] is underway.