Maybe it has bottomed and we go up from here. But I think we still have one more leg down. How far this bounce rises will tell a lot.
Of course, lots of folks are calling for 1k and such. Sure that is possible as well, but for now I am looking to catch the serious retrace up.
This is a followup to my previous Idea looking for ''the bottom'': In the above plan, I got TWO trades from the 3500 zone to the 4000 zone! Rarely does any asset give you two such opportunities, and I gotta admit the second long was a bit scary.... .
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Not
Proceeding roughly as expected. The last wave (Blue Fib) seems to have locked into the original target zones ( which I have adjusted slightly)
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