Seems like YETI is currently in a corrective Wave 2 within a Wave C. Within the 3 sub-waves that make up this 2nd Wave, YETI is currently in Wave B. I'm expecting a potential sharp downwards movement and then a move upwards towards a new recent high before going back down longer term. My time target for the end of the 2nd wave is currently at 1.0 times the time it took for wave 1 to complete. But we could definitely see the 2nd wave move beyond this time prediction and go to 1.618 times the time it took for wave 1 to complete.
Comment:
YETI completed wave 2 sooner than expected. Wave C went to the 0.887 retrace of the overall 5 wave structure. And to the 1.272 of Wave A, which is a very common fib for wave C's for YETI.
