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Still monitoring if minor 2 is in as the chart labeled. Currently looking for the yellow lines as necessary range. If it breaks up, minor 2 is in. Otherwise, who knows.
suspect it could go lower but wave count wise, it seems at last stage.
Correction is done or not?
Down trend seems a sure thing. Next stop at the pink line below?
It did stop at 50%. going straight up one wave afterwards. Then what?
Close to major 2 bottom?
It is in a down trend to complete Intermediate II.
touching a trend line soon
bidu is in a large correction at a near end of a large drop down (primary C). However no one knows if it is done.
hope it is in Int 1 or minor 1, out of p2>major 2 correction.
at 38% retracement level
Wave count. Looks like in final major c leg, A-B-C or 1-2-3-4-5 to finish its bear market.
Looks like getting into bottom area soon: $35-$40?
Possible five waves up from the bottom. Now in correction.
my first choice wave count
wave 2 could have been done or has one leg to drop down to 50% retracement level.