Wave forecasting here which will probably prove quite difficult - however I believe We're close to a bottom on this corrective leg which will terminate as a wave 4 - I have 3 fibs marked for the leg down where termination is most likely with the .618 being quite unlikely but still probable - most likely is our 0.382-0.5 ( we have hit our .382) so there is a chance we may have bottomed already but probably not for now, If this ends up being correct on the down move the up move should fall somewhere in the range I have plotted (wave 5) and precision will come later on once more info is available.
Comment:
previous call from the top forecasting where we are now.
