From that point there should be a bounce that will send us aimed at the 55 . Depending on the momentum at that time we will either bounce off of it and take the DOWN path or we will launch right through the 55 and head towards the ever increasing 200 .
My bias is to the target due to the Magic Unicorn Dust ( VIX indicator) bands pinching together at the bottom side of the range. This typically results in up action after the gray bars fall lower than the yellow mid-line. When this happens I believe the price will be closing lower than the previous dip and the Trader's Dynamic Index ( TDI ) will have .
Target will be $10,630 based on Trend Fib Extension from the $7,530 level.
Target will be $4,970 which happens to be the previous ATH prior to our topping out at $20k. This also represents a -75% reversal from our most recent ATH .