I highlighted in yellow the expected finish to be an hourly move down to complete larger cycles. This should set up an excellent long term buy opportunity through my variation of Elliot Wave Theory (fractal shift).
Note
id like to see this idea play out as it, but this is also very valid potential larger waves that could take form here... nothing wrong for waiting for that extra confirmation.... long term direction should be clear in the near future Note
a zoomed out view of what this larger drop would look like ...which would create a larger ABC than whats shown in the original idea here. Note
should be up from here Note
still a concern, but bigger picture we should be up, long term and very soon! Note
should we make another push lower 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.