Hi will be watching this trendline
for a bigger correction to the upside into the next week. However, currently we still have room for one more down wave. we also having a nice pinbar
right at the trendline
indicating market rejection from that area, so we could already look for shorts here. Keep in mind tho that we would be sittin in Wave 5 (or the third downwave) if we continue lower, so we might not even see a break of the lows before goin up, so make sure to at least take partial profits early to have ensurance in case we seeing a shortened wave 5.
i put the 618 retracement
as a potential zone here, but you could also do it higher at the upward channel line or lower at more doublebottomish type of retest.
TG2 isnt fix either, since it depens on how market behaves. thus far tg2 is at the 1.618 inverted extention of the upward trendchannel move, which would be my default area to look for targets since we dont have a clean lower trendline
anymore to look for targets, but that might change into next week