SMH target 377/to 388 focus is 381 zone I when longcalls

The SMH decline was 1.618 the net distance wave 2 to equal wave 4 we saw in the over night . We have now entered the blowoff wave in wave 5 of 5 in the form of an expanding pattern .It should see at range as high as 388 to be equal to wave 1 on a pct basis at 372 it was equal to wave 1 on a points basis but in 5th wave blowoff as we saw in gld recent and in the past the 5th tend to move up at a 1.618 the distance of wave 1 or wave 3 the top see jan 2000 .