Leading diagonal Wave 1 here, followed by an ABC corrective wave, we can see that Wave 5 topped out at the 2 Fib and has come down very aggressively.....also noting how aggressive Wave 5 was too, so it was equally matched.
I am only seeing one wave in this decline so far so I assume this is Wave A, this should get a relief bounce next for Wave B and come down one more time to complete the corrective wave around the 0.78 Fib and the 200 Day MA at $7.30.
JessyyRabbit
2023-09-25 19:30:03 +0000 UTCGareth Neary
2023-09-25 19:09:08 +0000 UTCJessyyRabbit
2023-09-25 18:38:30 +0000 UTC