Mini-Elliott Wave pattern. With momentum rising above the 14MA and the MACD falling back into non "ultra" bearish status (now above horizontal line), Wave A has definitely started. There is no real way of knowing if it will stop on the 38% FIB or carry on through tomorrow. Likewise, when it does stop and turn for Wave B, I will be waiting to take a BUY trade at the bottom of Wave B. There is no way to know where this bottom will be. I have drawn trend lines to give me an idea and have made an assumption that the bottom will be where the trend line will meet a halfway point between the usual FIB lines. Now will wait and watch.