[WDC] update

Model from the backlink is below.



Comparing above to below, those following the EW principle would have sidestepped the loss of $20 per share since the last update (to say nothing of the fact that my EW model called nearly the exact top...).  The shares went a bit lower than modeled above into red 3 but it is the wave count and not the price level that actually matters.  Blue 5 of red W3 is clearly 5 waves down. 

The shares are now at a cross roads.  Red W3 can also count as WC.  So this will either bounce here per the red and then hit a lower low to form a motive wave down that will likely bottom in the $50 range as green A (alignment with EWI model) OR the bottom is now in (more of an alignment with Avi's top level model).  If you are short this, cover now!  you can get back in if it breaks to a lower low from here but the odds support a move up to at least the $69-$75 range (level of prior 4th or the 38.2 fib) and the bounce could be higher.  Let caution outweigh greed until the chart gives us a bit more info.