NASX may continue it's drop

The NASX bounced off of FIB Retracement 1.618. If bounce doesn't hold , the next most likely stop will be $4040 for another attempt at a bounce. If I understand this pattern correctly the Butterfly pattern will still be valid as far down as FIB 2.618. If I'm wrong feel free to comment.

I like using multiple Fibonacci Retracements because at different lows because where the Ratios line up usually forms a stronger resistance or support area.

Comments are always welcome.