Current model is below. Still waiting for wave 2 to play out but now it has morphed into a deep vee. The max dip should be to around $2.20-$2.25 else wave 5 of C will be larger than 3 of C. A break back above the lower rail of the 4 of C HT suggests that wave 2 is over and wave 3 up has begun.
Do you really think that commodities will go down forever?
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