Where are we now?As mentioned previously, I believe the July high marked the end of the upword wave starting right before the new year. Then the significant retracement levels would be 1) Fibonacci level 31.34 and June low 31.48, 2) the midpoint 29.95 and May low 30.01, and 3) Fibonacci level 28.55, Jan high 28.72. We hit 31.64 and then rebounded strongly. Obviously, that was not deep enough for the correction and share price fell again. Now we are at the second support level. But because we have a gap right under 30. Some investors are thinking of filling the gap at this moment, which would put selling pressure on the stock. Also, as I mentioned before this upword wave failed to break out the multi-year down trend, indicating a strong bearish sentiment and therefore, a deep correction is likely. However, if you are bulish, you may start to buy between the second and third support level, regardless the correction is over or not. If the share price drops below the third support level, I would seriously consider a moving sideway pattern.