We're falling fast out of a Wave B. We'll see stops at the areas highlighted. These areas are where the market will most likely hesitate and possibly start an upwards trend. It's anyone's guess as to which level will be the true bottom. I don't foresee going below Target 3 before a strong bounce (correction or impulse wave upwards).
Note
I'm doubtful we'll reach the Target #2. See the triangle formation I noticed this morning.
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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.