XB to be a .786 (we're close with a .782)
to be a .886 (we're close with a .897)
XD to be a 1.27 or 1.618 (not pictured)
It's late and I don't feel like redoing the chart, but if you move point D down so XD is a 1.27 extension you'd have your . I still think the possibility to retrace to to the 45s is possible, and since point D on a is below X I also think it's possible we might see some resistance around the 29s. Below is the original post,
I called this one two days ago (see comment in related idea).
Looks like we have a getting ready to complete. got leaked early today resulting in an 18% decline and trading was halted temporarily. After market it looks like we're down to $41.58, so we'll either see one of two things tomorrow when trading opens:
A) We'll keep going down toward the bottom of the (blue arrow), or
B) We'll retrace back to the .618 and give that another test (red arrow)
Since we've been seeing lower highs we're still in territory, but those higher lows give us potential to change that as long as the . is broken through. If you're not already short on this the . might make a nice entry point, with initial targets at the .382 and secondary targets at point D.
In addition to already being short (I stopped myself in @ 49.90), I'm looking to get long at point D with a target of $39.90, which is not only the . of the CD leg in our , but it's also the bottom of the . Now all we have to do is wait for things to break through and make this a reality...