Although we are likely in wave C of an ABC, and C is greater than 0.618 of A (where a reversal is possible), I think there is more room to fall, before completing the impulsive wave C. Perhaps the completion of the 0.5:2.0 AB=CD harmonic will mark the bottom.
Curious to see how this plays out.
Curious to see how this plays out.
Comment:
Wave C count is invalid b/c my anticipated wave 4 crossed above the completion of wave 1 ($141 ish). Furthermore wave 4 (as anticipated) looks like it could be impulsive. Watch to see the character of a possible W2 to determine what may happen next.