Elliot wave 3 bounced off .786 fib extension. If it breaks that it should complete wave 3. A potential trade would be to enter just above the .786 extension and to exit near the 1:1 extension.
2nd wave retracing. Watch for a a bounce off of the .5 or .618 retracment levels for the start of the 3rd wave. 3rd wave is often the longest but never the shortest. price targets are the 1 and the 1.68 fib extensions. keep an eye on MACD and RSI for confirmation for the start of wave 3.
