One of the Most interesting hypothesis used in Stock market is Wave theory , and it reflects very indicative repeating pattern
Now after its immediate brake form Consolidation price moved up in 5 wave passion , which meets the guidelines and other Indicative system know as
Fibonacci system
Now the current drop is at the middle of the junction , I am looking it will high likely pause and make one short move up ( usually we call it as Internal move of corrective structure ) and look for continuation of the trend in the current direction
by saying this as it will move up for short duration move , its not a good advise to look for buy , rather one can look for short sell set up once completes this short duration move
Look for trading in the major trend direction
Good luck
Now after its immediate brake form Consolidation price moved up in 5 wave passion , which meets the guidelines and other Indicative system know as
Fibonacci system
Now the current drop is at the middle of the junction , I am looking it will high likely pause and make one short move up ( usually we call it as Internal move of corrective structure ) and look for continuation of the trend in the current direction
by saying this as it will move up for short duration move , its not a good advise to look for buy , rather one can look for short sell set up once completes this short duration move
Look for trading in the major trend direction
Good luck