On the daily chart, we don’t know if we’re in a wave A down yet or simply a volatile pullback within the overall uptrend. It takes time to know you’re in a correction. And wave A’s (like wave C’s) can be long (take some time).
Here’s what the last two a-b-c downtrends looked like in 2000 and 2008. The former took 3 years to play out. The latter took a little over a year. You can see how long wave A’s and C’s can be.