I'm going to throw the following arguments and let me know if it makes sense. Because I'm still positive that we have to end wave 2 sometime.
- The big deep was an ABC correction - Then we had wave 1 - We started wave 2 around $950 - Wave 2 (corrective) is usually flat or zigzag, triangles are not so common - Thus, wave 2 as per the image is a corrective zigzag which is composite by IMPULSIVE (A)-CORRECTIVE (B)-IMPULSIVE (C) - Wave B retraces 50% to 61.8% of wave A which is around $910 - Also as per the image corrective red wave B is made by blue A-B-C and also if we retrace wave blue A = C, we get $910 - Then we start red wave C and last leg of wave 2 - Usually in a zigzag Wave A = C, which ends on $740 (fibo region) - Also, if we have this $910 movement and then down to $740 there is a nice H&S formation - $910 is also a nice resistance