[ABX] update

At the backlink I was of the view that ABX was very near a serious bottom.



I was too early.  That rapid plummet section circled above was still part of wave 3 of 5.  Zooming back out (lower left), I have to count that we are in the final stages of 5 of 5.  Zooming way in to just 5 of 5 (lower right), that looks like a 4th wave triangle finished and broke the lower rail.  It suggests that 3 of 5 of 5 is finished and so is 4 of 5 of 5 and now we are working on 5 of 5 of 5.

Look at the perfection of that wave count on the left.  A vee 2nd led to a HT 4th in order to express EW alternation.  Additionally, 1-3 is roughly parallel to 2-4.

There are other interpretations, one of which is that wave blue 1 was very short, blue 2 was a vee and that the recent HT matches up with it.  In other words, a very long and extended 3rd wave with a tiny 1st and 5th on either side of it.  A break back into the HT would lend some credence to that more unusual scenario.