We did overshoot the ideal 61.8% correction target at 80.29, but it doesn't change the overall picture of wave 2 having bottomed or being very close to bottoming.As long as resistance at 80.65 isn't broken to the upside, then we could see one more decline below 79.56 (max. 78.78), while a break above 80.65 will indicate the bottom already being in place for the next rally higher towards at least 88.19, where wave 3 will be equal to wave 1.
