We have had a failure swing at the 12k level giving us more confidence in our X wave. If we use the simple rule that Y is usually equal length of X and our fork from the 14k top we have a perfect level near 7600 and below. A relief bounce for the next pivot may be right around the corner but expect us to continue lower with this correction.
Comment:
Possible for a tirangle formation for the final leg of Y as well with 9900 area being our low.