$MPW dropped -29% today after failing to pay a rent bill that spooked the market and likely meriting this decline but it has made very little difference to our chart, in fact there are no changes either.
Wave C will likely continue to move down to the '08 Financial Crash Low and will need to find support here on the blue line in order to move in an impulse wave up next as shown, I am being optimistic here putting this count in before the move has started so please be mindful that it is not confirmed until we start seeing signs of a reversal.
Baktash Azizi
2024-01-06 02:39:05 +0000 UTC