The wave count appears incomplete after the impulsive drop from 2873 - 2541. ( 5 wave move )
It appears we are in a corrective wave B, expanded flat 3-3-5.
We should be expecting another sharp move downwards, 5 wave, to complete a ZZ. 5-3-5
By extrapolating the length of the first move, we expect the next drop to be in equal breath and magnitude.
Estimated target is between 2384 - 2415. Which has a 61.8% fibo relation of wave 3 of the entire up move.
It appears we are in a corrective wave B, expanded flat 3-3-5.
We should be expecting another sharp move downwards, 5 wave, to complete a ZZ. 5-3-5
By extrapolating the length of the first move, we expect the next drop to be in equal breath and magnitude.
Estimated target is between 2384 - 2415. Which has a 61.8% fibo relation of wave 3 of the entire up move.