I look at Zoom correction as a non-standard correction small x wave where it started with zigzag and ended with flat. Then flat formed an ending diagonal indicating that bearish momentum is weak together with the bearish divergent signal from CCI. Eventually, the price broke away from that triangle line which I see as wave1 then now it's forming some sort of...
Can play long and aim for 100% of w.1
But since w.3 is an extended one, we would expect
w.5 failure. So it's better to set a target point at 272.21
(gap area a resistance line where target took action twice)
