61.8 is around 218. Currently is trending below. Good prices. If wave one is fully retraced possible downtrend could start set your stops. Potential for wave 3 is 600 around the 161.8. Also I have seen other ideas recognizing the inverse head and shoulders
pattern which would indicate reversal of the previous bearish pattern
and the bottom . Confirmation of the the reversal would be around 277 or so breaking the neckline.