That model believed that blue 5 of green 1 bottomed around $73.50. Then it expected a nice a-b-c to the level of the prior 4th. In reality, I was off by one small wave as you can see from the current snapshot below. Instead of bottoming at $73 and change and then bouncing to $78, it bottomed at $72 and bounced to $76.50. Of course, the shape is really what counts here and blue 2 was clearly an a-b-c retracement so far. Bottom line: the odds are high and rising that the next support will be $63.
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