On the 5-minute chart, the last peak to occur before TBT plunged was at 47.95. With a ‘B’ low at 43.12 and ‘C’ at 46.02, we can identify a Hidden Pivot midpoint at 43.60 that can serve as a minimum downside objective for the near term. Its ‘D’ sibling lies at 41.19, so a decisive breach of the higher support should be taken as a warning that more downside awaits.  If you trade this vehicle and want to bottom-fish at the first target, I’d suggest  April 43 calls (TBTDQ) and a 43.48 stop-loss.