The recent down ride in the counter marks the end of wave 3. It is consolidating at the lows in the form of a flag pattern, which is the wave 4. And there is still room for more downside in the counter in the form of wave 5. The counter can go down from here or can consolidate a bit more in the form of an upswing. The bias remains bearish to sideways in the short-term. However, if you do want precise entry points and exit points for profiting, subscribe to our premium services.