This is a first for posting a chart so I hope it turns out. Looking long term, wondering if this could happen. The move from the August high of 50 down to the December low of 28 is 22. A 100% measured move from February’s high of 43 would take it down to 21 where there is still a large gap. The daily 50MA is starting to turn down and the 100MA on the 2hr chart is already moving in a pretty good downward direction. Once these get going, they don’t usually make a quick turn in the other direction. Doesn’t mean that price can’t move above these MA’s but I think good to pay attention to. I’ve been playing with only MA’s on a separate chart and it called the August high and the December low, on the nose. It didn’t call this last February high but made a notification shortly after the December low that this last was a correction to what is still a bear market. I’m not posting this chart because it doesn’t really make sense why it works but I am curious to see how accurate it might be in the future. It’s quite possible that it’s a fluke.