Hitting Bottom Trend Line @3000

2022 correction has been a WXYXZ with smaller ABCs on each leg of the WXYXZ, and the final Z move would target the bottom trend line while having a nicely structured 12345 wave of its own. I could add another layer of complexity with some Fib levels which would further validate all of this structure.

I am not calling any timing or exact levels, I am just pointing out the pattern and that we are going to new lows.

Then there will be a bounce off the lower trend line in either an impulsive 12345 to try to break out of the expanding channel, or option #2 as some ABC correction before heading lower AGAIN !!!!.

Good Luck