by the basic theory of elliot wave after "abc" wich is a correction and the descending of the last top, should make an impulse of 12345 and i just used fibonacci to calculate the 161% 3rd leg wich is approximatly at the liquidity of the last top, i still have to look for the 5th leg if it fails to get higer than 3rd leg this will mean a continuing of the downtrend.