We posted yesterday of a wave 5 blow off top that completed with a Wave A sell of now. Wave should be complete at around $319 already or close to it. The target for Wave C is $17 the 1.27 extension of Wave A and retracing the whole blow off to the bottom of Wave 4. This should happen very quickly in the few days. Especially with trading being halted.
Commento:
You can see we’re now forming a head and shoulders at the .786 fib level of way A. Also, as expected in Wave B there isn’t enough volume or push to break to new highs. Selling will resume shortly.
