As mention previously, the 4th wave would probably retrace to either 150 or the 138-135, which make great profit taking targets as well!
Since we had such a quick and sharp retracement, I believe that we'll correct to the 130 zone, however a more bullish scenario is that we bounce right back into our channel that've we created previously.
Since we had such a quick and sharp retracement, I believe that we'll correct to the 130 zone, however a more bullish scenario is that we bounce right back into our channel that've we created previously.