[ABX] on the bubble

At the backlink I was expecting that the recent low was likely WC.  The current chart shows that was not the case; a slightly lower low was put in since then. and then the shares popped and have since sold back off.  The EW rules still allow this to be a deep vee second since a lower low has not been put in.  So this makes it a good place to gamble.  If it creates a lower low, that's 5 waves down and after a rally back to the level of the prior 4th we should expect that lower green line to be broken on the way to $8.

So a smart bet would be to buy here and then stop out 5 cents below the mid June low.  If that is going to happen it will occur within a day or two so its not like you have to keep your money tied up forever to find out.

If we instead get a big pop from here then buy the first dip because it will most like be a 3rd wave up.