$WY Correction Looks Incomplete

The correction on $WY looks incomplete. I believe it will need to conduct another leg down. Preferably, it would go to the lower orange box, giving minute (blue) c equality with minute (blue) a, but, given the wimpy magnitude of the initial decline from the October high, perhaps it will only retest the July low, and there would still be a good fib relationship between the legs of the correction at that level.

WY


Note: When articles are first published, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced (or to join my Discord chatroom), please consider becoming a patron. Note that there is a 7-day free trial period. More information may be found on my About page and on my Patreon page.