We are in a massive Wave 2 ABC correction from the entire bull run of 2016-2017 ($450 to $19.8k). The fib retracements levels are shown on the left labels. We are bouncing from the .618 golden ratio level, but I think there's still more downside to be had. I think we will retrace to the .786 ~4500 before starting a MASSIVE wave 3 that would easily hit $32,000-50,000 by end of year.