The top line might need to be lower (I think it would give too low a target) and the bottom higher but I like how the centre line lines up to the current price stall. I'll try some different options of how it might line up best with a reasonable target and post them. If I can find confluence with fibbs even better.
In my opinion we are looking to go lower. The 3k mark is surely a magnet, 200 weekly MA at 3160 and possible as the ultimate screw everyone over a quick flash move below 3k to 2.8k.
As ever, don't trade on this just my two cents :).