If the move is for correction then we will talk about correction pattern which already achieved at 160.50$. Having in mind that this above scenario will implies a new low in coming with another completed 5 downward waves.
If the move stand for reversal this means we will have completed 5 waves 12345 where we are presently at wave 3 and we will have wave 4 down at exactly 61.8-78.6% fib level of the previous arms of wave 2-3.The plan for now will be to watch price action at 120$-123$, if we have good reversal candle here we should go long with target at 190$-200$
Anything below 107$ easily implies New Low alert.
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All eyes must be on 120-123$ level. A break below this level means we will go lower and if this level hold we will keep going up.
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