- nicely forming pennant pattern. - first 2 summit in PINK could be the Corrective Phase. - The last smallest summit in BLUE could be the First Wave. - Second wave is currently at Fibo line 0.618. - Since DMI+Stock (Daily & Weekly) is going downwards, high probability price will stay just above the support trendline for a while. - however, the next movement either breaking trendline or breakout, it will be determine by earning outcome. - if it stays at support trendline, it indicates that initial stage of wave 3(the strongest wave) - RED resistance line are for reference to exit and re-entry.