Unless it brakes the downtrend with a weekly candle close it should bounce back up in long run. should be closely monitored since it will give us a lot of information about current market direction. i expect bouncing back up but we will see.
if the correction wave ended at 0.5 fibo level which is current dip next target is new high. in shorter time timezones first targets are 19900 - 20250 - 22300