CJ seems to be counting and measuring out to make a double combo pattern long term. Right now it is breaking the .618 retrace and looks like it is making a small buy setup on 30 min.. possibly. Yes it's been going down and there is no way for me to properly explain this concept or how or when to go about trading it. But right now we have a 5 wave up and are on a 3 wave down on the smaller scale. The fact that the last wave retraced 61% instead of 38% on this weekly chart makes me look at this as not a 5 wave impulse down. And when I consider the fibs and the swing pattern it makes sense. It could take some time to unfold and comes down to entry and strategy. There will be buys and sells, but I am more personally interested in the buy setups. Right now, larger time frame says it is in a sell currently, however, right now you might be getting a buy like I said, but I want to see a buy setup on 4 hr. This "B" wave it is doing right now could become more complex of a correction. It could be in a downtrend when I look at the 200 and 800 MA on daily, but I will still be looking for at least one more up for "C" even if we don't get that 7 swing I drew out, but it sure measures and counts out for it.