The first thing that needs to be said is that despite the very significant pullback, Orbit has not given up on the possibility of a further price drop. This is evidenced by the following elements of the screenface, logically combined into blocks for better understanding...
1 - The direction and yellow color of the Main Arrow, Spike Event Arrow, Initial Value - all are directed downwards and indicate a continuation of the fall from the level of 2009.31
2 - The readings of block 1 are based on the current state of the Price Action section, from which it can be seen that in the long term we see a purple icon on the parabola, the arrows inside of which point to a downward reversal. Orbit Voice speaks about the same thing “Rotation Low - direction Y---->X" (that is, down) and the same is indicated by the long term Ordinal, and note that it is also red. That is, this entire block shows a clear downward reversal
3 - 8n partitions in the Fractal Patterns section continue to clearly indicate the downward direction, which is duplicated by the Orbit Arrow, the same partition on the KSO also continues to express a desire to move to the bottom line.
4 - Although the Power Icon has a yellow color (the most positive), the red numbers tell us that not everything is so simple, namely - pay attention to the gray elements indicated by exclamation marks. Both of them say that the market is uncertain (Gray market), there is no singularity of flows (younger partitions look confidently upward, while older ones look downward). The absence of singularity leads to this appearance of Power Icon, when the color of the icon contradicts the color of the value.
Now let's look at the upward movement (which Orbit says is still a pullback). Here we see complete agreement between all sections.
2 - TT n-7n are orange and open upward, which is also reflected in the Cyclicality section, where all the partitions are clearly green. But pay attention to the fact that, as I said earlier, n-7n are partitions of the pullback, 8n-9n are partitions of the main trend. And we see that it is in this place that the fault is occurring at the moment, as evidenced by the Orbit Arrow, which shows us a purple downward arrow throughout this upward pullback.
3 - in the short and medium term (and this is where we are now), the Price Action and Ordinals section show a pure upward movement, which is also confirmed in the Fractal Patterns and Range Arrow section (4 , 5)
6 - Pay attention to KSO... n-7n in the top line and gradually began to turn orange, which indicates that the next upward throw, started yesterday, is in the process of completion. Will this be the last throw followed by a downward reversal?
Now let's look at the daily chart... Based on the above, at the moment Orbit offers us this scenario. Whether we have already reached the maximum of the upward pullback, or whether there will be an attempt to go higher and get the top 7n Y(2) (but for this we need to get to about 1998), time will tell...
