Just Study GU around 2013, Price breaks sets of lows, and trade was coming to its origin, approach was price hitting the SR first, goes down and comes back to the FTR, which is origin of the move down,
Notice that the FTR have a compressed top which means, probably last set of orders are at the bottom of the compression.
Notice ALso that while down there, QM was...
As per labelled, counted down as ABC x ABC, expansion 161.8 for wave C of the second ABC have not been touched yet, it can bounce at 78.6 fib retrace of prev bull move.