Based on what price action did to the point I started drawing...looking for a continued climb into a resistance danger zone (19-20-21 area) see the red box. That would represent a bearish ABC bounce in the math pattern I look at. The bullish target zone is higher ,the blue box around 23-24 ,or higher, the math shows this 24 target areas a finished rally wave to recover the downwave. I call it bullish because it wasnt failing at the 20 dollar resistance,it would be making a full math rally pattern ...to 23-24,and would suggest a bullish strength, so I'm watching the resistance around 19-20 to falter,and retest 16-15 again, then the bearish pattern would look to bounce and fail around 17.50 area, and the downwave pattern would be looking at targets 14 area (the 50% haircut from the 28 top) and maybe targets at 12 and 11. and extreme goes all the way back to 10 and 8 area. I cant forecast that much too soon. the key area to watch now is the Battle in the 16-20 area. The bullish pattern wants to target 23-24 and then pullback And Hold at the 18.50-19.50 - 20 area and then rally strong again to try and retest the top. So the key area to watch is resistance overhead 19-21 area to Fail and retest 16 area to hold. The bullish key area to watch is a better rally that breaks thru the 20 resistance to target 23-24, and then pulls back to Hold the support line around 19-20 area.
and now...30 or 45 minutes later ,you can see that it followed the track pattern I described, hitting resistance near 20 and dropping down to retest the 16. If this resistance at 19-20 continues, we could see the downwave continue to find lower targets. Unless 16.50 area Holds as a critical support zone now. I'd rather see the rally I described...reach 23-24 and pull back to hold 18.50-19 area.
and now if the battle happens between 15.50 and 19.50 the middle step around 17.50 is that target point for the downwave to continue to test 14/13/12/11 area
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