Red Elliot is for Bull, Blue for Bear.
If wave C in corrective patttern is already finished at 0,50 of wave A (52.00), in this case we are at wave 1 of bear pattern. If not, we are stiil in corrective wave C with target to 55, and maybe to 58-59.
More preferable is bearish scenario, with double botton at 26, and rise to 50 again.
Also, 26 mark wiil be at Feb 2017, after 1 year of last bottom (see time measurement)
If wave C in corrective patttern is already finished at 0,50 of wave A (52.00), in this case we are at wave 1 of bear pattern. If not, we are stiil in corrective wave C with target to 55, and maybe to 58-59.
More preferable is bearish scenario, with double botton at 26, and rise to 50 again.
Also, 26 mark wiil be at Feb 2017, after 1 year of last bottom (see time measurement)