OK this is how I see the market at present.in particular the...

OK this is how I see the market at present.in particular the Small Cap Index in USA as its bearing on ZIP as a lot of speculative money is in this index with many multi baggers and numerous stocks which have go ahead of their fundamentals.

I count this as a completed multi year bull market within the clearly defined channel (red-lines) and the Russeel has now double topped. The A BC nature of the decline with clearly overlapping declines suggests that this is the beginning of corrective bear market and these prices will again be surpassed in something like 11-21 years.

But importantly i can see prices retracing 61.8% from the highs before the new bull phase begins.

So as not to confuse the images I will add expected guidelines separately.

The expected target is exactly 1000 being the 61.8% retrace, which is also the Covid lows. The function of bear markets is to exercise the excesses from the market and given that the entire rally from the Covid lows was fuelled by fake or funny money, it also makes economic as well as technical sense for these lows to be retested.
This target will also be met by the measured distance of the break of the double top as indicated above. With respect to Zip price should also retest covid lows but probably more quickly as we are in the first of numerous profit warnings combined with an overall savage decline in the broader market. Im not ruling out Dow or S and P making new ATH after some downside work as their structures are different.

Finally the projected target offers confirmation from the Fibonacci levels offering support levels along with traditional support at resistance all the way down to the 100% move at 1000.