is possibly finishing the 1st leg of its 3rd zigzag
. Some believe this last downtrend is what will end the entire bear market. However we need to advance step by step. We will get a major pull back but not until we complete 5 nice waves that will end up on or between one of the 3 support levels highlighted in the graph. Those are estimates. It could also dip further in case we get an extended 5th wave.
Remember, my wave targets and channels are estimate target levels and are based on Fibonacci and Elliot Wave
Principles. They are subject to possible adjustments. Timeframe was not taken into consideration when projecting targets.
DISCLAIMER: THIS IS NOT PROFESSIONAL ADVICE BUT MY PERSONAL REFLECTION OF THE MARKET.