@Boon2, many traders expected a drop to under 3,000. That spike caught them off-guard. Many bears still look for reasons explaining that the price has to go under 3,000. I used to wait for that magic ever elusive "one more low" but this time I think the low is in.
@CastAwayTrader, Yes low might be in place no one will know 100% but going off current price action I'm 95% sure this is only H4 ABC correction up to complete X before we get Z down. Deep pullback very rarely turn into reversals and thats exactly what we have in the H4 internal B wave. Theres a couple other signals that are telling me this is not a reversal as well but I'm not going to go into it all.