Observing the price action of NASDAQ:AFRM, it is evident that it has been navigating through a corrective wave since its inception. Recently, it has culminated the larger corrective Wave B, under which it has also completed the primary Wave C. The completion of Wave C was marked by the termination of Wave 5. This progression implies that NASDAQ:AFRM is now embarking on the larger Wave C, which is anticipated to descend below the trough of Wave A. Based on my analysis, I project the termination of Wave C near the $4 mark. However, it's important to note that the exact timing and price level remain uncertain while the bearish POI stands firm
@Roadrunner619, Reflecting on it, the $4 mark is merely an approximation derived from the premise of wave C concluding beneath wave B within a zigzag correction. It's crucial to recognize that numerous factors must align for it to attain that level, while also acknowledging the potential for inaccuracies or invalidations in the wave count at any given moment.