Looks that after corection wave 5 down should kick in..
% waes are complete and wave 1 is extended in ...
Corection is ABCDE instead of and then from wave iii becomes wave 3
Funny thing AO peeked in First wave... I dont see any other start...
First Divergence could be a part of divergence
and secound should mark Wave (v) of 3
Comments Welcome... (learned a lot from previous comments)
for wave 4 (correction) to finish and we should expect wave 5 which can be a failed wave in
which case we will have double bottom,
it is very likely that head and shoulders will
form and that wave 5 will make newer low... in fact this is more likely then double bottom...
After that we could expect rise in one of 3 forms
1. wave a (corrective)
2. wave (5) of original movement from below 30$
3. big scale wave 3 (I beleive that it is too early for that)
in case 1 we could expect target like 44..46$ didnt try to check.. then fall and then rise abowe previous high....
in case 2 we could expect 50$ minimum
in case 3 whoooouh... 200$ is posible..even more... (intheory of waves) but it will take time...