Previously I was considering that the Wave B/2 was complete where I have placed the vertical line, now I'm taking that as the Secondary Count.
The Primary count ( In Blue ) is that the Wave B/2 is still under progression as a Flat correction and that it should see lower levels of atleast 40$ and can even go down ...
Wave Count Started from March 2009.
Wave 1 : 666 to 1370
Wave 2 : 1370 to 1074 ( 38.2 % retracement of Wave 1 )
Wave 3 : 1074 to 2134 ( Less then 161.8% projection of Wave 1 )
Wave 4 : 2134 to 1810 ( Little lower then 23.6% retracement )
Note – Values can have a bit of variation.
As per this Wave count the 3rd ...
As per this daily chart a 5-3 move is already complete up till the 39 level, now as per the Elliott Wave the progression should be 5-3-5 in both cases.(Case 1 : Impulse, Case 2 : Correction ), hence using the basic Fib. extension the target are
T1 - 64 mark (100%)
T2 - 70 (123.6%)
T3 - 80 (161.8%) Maximum in case ...