I really like the count of this chart, a nice head and shoulders at the top, almost perfect for the ABC count. I don't believe we are at the bottom yet, as the downward trend since the middle of Dec has been fairly straight with very little bounces, especially if you compare it to the bounce at the start of Dec to mid Dec which is likely a W - 2. So I suspect W - 4 starts shortly before coming down to around $8.