EVO not done going lower

Short term looking for a failed test to break back into to the trend channel. After that we should visit the 760-780 level. Looking at market prodile that area is LVN (Low volume node) wich supports the notion of it being a bouce area. Also it was former resistance in october 2020. And if one lines up a fib retracement structure that "rhymes" with historical pivot areas this area would represent a fib 61.8 retrace from the speculative top (not yet made). Looking at EWT this seems to be a wave 4. My guess it ends in my projected bounce area. This area (760-780) would be a perfect long aiming for ~1890 in wave 5. But first we short it at the 1150-1200 level :-)