Elliot wave would suggest that 5 waves are completed off bottom with classic impulsive structure. The blue box is suggestive of the correction target range from which a new 5 wave structure to the low 30's should commence. This box is determined by the fibs of the 5 wave and confluence a=c, plus the beggining structure of C wave that seems to have commenced. I paired back at 14 and have several orders firing in this box.