Bars pattern overlayed on chart. March 2017 down 27% in 9 days. March 2018 down 34% in 9 days. C = 61.8% of A Wave 2 = 61.8% retrace of wave 1
Now testing key median line.
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Squeezing thru both the median pitchfork lines
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Keep an eye on 50DMA & 200DMA edging closer i.e. Death cross. Hasn't happened since 2014 and they haven't been this close since 2016 (0 level on indicator = crossing)
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50 RSI and trend line off triangle soon to be tested
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This 50% retrace, and previous pivot area is the key short term area to be broken
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Large area, but significant levels in here. Confluence of fibs 200DMA and 50DMA