This structure looks crystal clear. It’s clearly corrective in nature. We closed that old gap, fine, fine, whatever. Minimum target is noted on the chart.
It sucks that the relationship between Green A and C was 2:1 instead of the more common 1:1 (which is why I’m looking stupid this week), but it doesn’t change the fact of the structure’s nature. I expect this choppy thing we’re in now to simply be distribution as a lot of people expect the worst to now be behind us.
I cannot guarantee that it’s not going to give us an even weirder relationship between the legs (like 2.618 to 1), but that’s getting ridiculous. 2:1 is plenty. This is a great candidate for the end of the move.
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