At the backlink I indicated that one more wave down was possible (the blue path) with a target price of $18. So today I bought just now in the extended trade at $18.10. At the very least we should have traced out 3 down with a very trade-able a-b-c 4th target price of 20.50 at the least and 24 at the most.. The reason I think it is worth trading is that I could be off by one wave even though I doubt it. So this could be black 5. But most likely it is not. Most likely it is black 3 per below. Most likely, the red path will be taken.
The 38.2 fib is $22.37. The 50 fib is $23.70. Since this is also at the level of the prior 4th it is my the most likely model but I will go on alert at the 38.2 fib.
The top parallel rail (not shown below) is at $20.50.
I'm stopping out at $17.85 on this trade.
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