Wave 3 or zigzag?

Wave 2 went lower as expected, but price found a bottom within the limits of wave 2. The question is if we are in a wave 3 now. We are at the 100% fib extention of wave 1, which could offer some resistance. Price action of what should be wave 3 looks to have 5 waves complete allready. This can mean 2 things, that this is a wave i of 3, or that we are dealing with a zigzag, which takes the form of a 5-3-5. If this is a zigzag, this would fit in the bigger pattern as a wave A of Y. We have to wait what the market will make of it.