Outlined is if the bullish
wave was a 5 point wave, and if it is then it itself is the first leg of a larger 5 point wave. Watching closely, this could indicate several things for the future depending on where the correction (ii) lands
I target wave 2 at the 61.8% of wave 1.
Reasoning: The wave ii within wave 1 retraced to 61.8% of wave i