In the big picture its in a Supercycle making wave 3. Within wave 3 fractal its also finished making wave3 on Cycle and currently in wave 4 correction. Typically that usually ends at fib .38.
So am short till 23379.
So am short till 23379.
Moving Averages had coiling action leading this breakdown with Rsi and Obv showing weakness from weeks. Rsi on the resent wave shows bullish divergence which works opposite if we are in a correction.