[GLNCY] update

At the backlink it seems my wave 1 or A count was off by one small wave of about 15 cents.  It shows the peak being us under $4 here.



Current snapshot shows a $4.09 peak.




and so wave 2 or B has taken longer to unfold than estimated but I think we are getting there early next week.  Because of the additional height in wave 1, the gap fill is no longer at the 50 fib but rather at the 61.8 which is more appropriate for a 2nd wave pullback that occurs after a big turn.  Nothing stops it from going even deeper vee than that to find wave 2 but the odds say that support will be found at the gap fill this time.

The current B wave retracement could also turn into a flat correction (3-3-5) generating a head fake up to $3.75 or $3.80 before finally moving down to $3 - $3.08.