Wave 2 appears to be completing a double zig-zag correction: 3-3-3.
Scenario 2: A break below $55 could potentially result in a regular flat: 3-3-5 with .618 extension at $49.50.
If current projection holds, Wave 3 completion price target is $90-100 for March 19th 75C.
If Wave 2 completes a 3-3-5 correction, Take April 16th 65C at $50, and 75C on the sub-2 pullback of wave 3
Volume dry-up with no significant change in underlying further corroborates the proposed wave 2 corrections.
Scenario 2: A break below $55 could potentially result in a regular flat: 3-3-5 with .618 extension at $49.50.
If current projection holds, Wave 3 completion price target is $90-100 for March 19th 75C.
If Wave 2 completes a 3-3-5 correction, Take April 16th 65C at $50, and 75C on the sub-2 pullback of wave 3
Volume dry-up with no significant change in underlying further corroborates the proposed wave 2 corrections.
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