Technicals: *The impulse wave is counted from the support channel line because on a larger degree that is where the previous correction ended. *The impulse was validated by alternation between waves 2&4. Wave 2 being a zigzag correction and wave 4 being a flat correction. *The flat correction is validated by this retracement breaking the 0.786% level.
What to expect? *We will push down to the previous low and have a reactionary impulse to the upside that will make a lower high. Which will be the start of a beautiful downtrend. Good luck guys.