This is beginning to look very bad now. It's still the same % correction as the last one from the 17K top. But if this drop will continue to the 12,500, than consider it as a very bearish sign! I see the 12K as a very strong support level, but below this level, the doors are open for 9K and even lower!
Please read my last analyses for more info, where you can also see i predicted the right shoulder of this big H&S. But even more why this drop is very different than the others before.
The green line is the most bearish scenario, i expect to happen. It's on a very big support level around 14.500 (a level i have mentioned for weeks now). If this gives enough support, than everything could still be good and the price could go up again. But it has to rise hard and fast again to gain new momentum!