Well, this is using typical points (as always) but it is still only the v of (iii) of 3 of V so there is quite a ways further we can go. Also, that v of (iii) is targeted for a break of $442 which is going to be seen as bearish by many, and shorts may compound and selling may pick up leading to a longer v below my target and possibly near $400.

Not trying to stir the pot here, but it's a little bit of the psychology that triggers larger moves and sentimental shifts