We will have a dead cat bounce up to ~3200 to activate a butterfly target at 2300. Right on previous major LOW. We need AT LEAST 3200 for this to work. Then another dead cat, and a fall to 1650, to complete a shark pattern. Once we reach 1650, market could range between 1650 and 2500 for years.
It's blowing my mind how the 161% extensions (golden number) are aligned with key levels. At 3400, 2300 and 1650.
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It's bouncing. It will be chaotic but we will reach 3200