We have a 5 wave completed pattern where the 5th wave of that 5 wave pattern was itself subdivided into i-ii-iii-iv-v waves down.
We have a down trend line that was crossed on Valentine's Day Feb 14.
So it took 8 days for it to consolidate from the bottom for enough days to eek out a push over the down trend line with follow through.
We've now hit resistance at $11,200.
Any dips in the $9000 region should experience strong support.