In the first case, minor (green) 1 came in on 2/9, and we need a largish 3-wave correction for minor (green) 2. And this recent drop could be the first of those three waves. If this is true, we should see minute (blue) b soon, as we have an excellent trend line below us that should give us a lift (even if only short term).
In the second case, minor (green) 1 is smushed up and finished a little sooner, and we’ve completed (or are completing) minor (green) 2 now. In this case, it’s up, up and away eventually to $200.
In either case, we should see a lift soon, and since we’re at this lovely trend line, it will serve as an excellent mental stop (at the very least).
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