[PAAS] update

In the backlink I provided the model below.  It allowed for the completion of an ongoing 4th wave before one more plunge to $8.40.




The current snapshot shows that red 4 became more complicated than expected but it did not really change the eventual target price of the low.  The recent low was likely either 3 of 5 of 5 or 5 of 5 of 5.  In other words, a serious bottom should present itself soon.

Zooming into the green circle we get the count below.  Red 5' could in fact go lower than depicted below, even into the $7.50 range, but the odds for my current model don't favor that outcome because then 5 would be much longer than red 1 when the model expects them to be roughly similar in size.  I think this will likely put in an inverted owl (inclining double bottom with rapid reversal upward).

Of course, the model could be wrong but using a model of any kind is always better than just going by gut feel.