TVIX - getting deeper into buy target zone

Last Friday TVIX finally reached my long expected target at 29.50. However, that level did not produce any bounce. This Monday morning TVIX is traded under 28.00. If we look at the updated chart we see that the counts remains the same. We are i the very final micro move down. My original buy zone (the green box) is located in between 30.00 and 26.70. As you can see, 26.70 is the next strong cluster of fibs. So TVIX may extend lower to that target. However, this gap down may very well be the final exhaustion gap finalizing the whole downside structure off the top made by volatility in late December 2018.

TVIX- 45 min chart updated on 25 February 2019