If this is true, the market will drop to $8,231 which is where a long position would fall to place.
Supporting evidence for this call is the strong momentum to the downside along with the current daily engulfed candle at the time of this writing.
However, my doubts about the pattern creep in when I see that the C leg didn't even kiss the upside .
This leaves room for the pattern to then be considered a which then switches the target to 78.6% (which translates to $8,856)
Market is pushing upwards. Bull momentum building. Seeking resistance @ $10,641