Originally posted by scooterscot
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Taking the very top of the wave 1 spike we hit the .786 almost on the nose...which is deep for a wave 2 but not unheard of. 1.618 of that wave 1 puts the 3 target at about 0.0002480...which is massive. Need more price action info on this one i think
Best guess is shown below...think we're in wave 1 of larger wave 3...which is itself a wave 3
The spike i mentioned may actually be a b wave of the correction with a truncated C wave...that makes sense
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