This model essentially said that wave 4 was done and now working on wave 5, very close to the end, red path showing a bottom of $1.80. Below is actual. This model keeps the prior 4th count but morphs the 5th into an ending diagonal. Unless this breaks out the top rail very soon, like sometime in the next 5 trading days, the red path has to become the primary model for the conservative gambler.
But with 3 clear waves that stopped mid channel several days ago while hitting my price target of $1.80, this has already met the minimum requirements for the bear market in ORIG to be over. All iot would take to kick this into confirmed bull market territory would be a break of that top rail, especially if on some news that the fed was not going to raise interest rates. If that happens I think the dollar peaks an the smart money moves rapidly back into commodities.
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