My basic understanding is if the C wave down was to be hard then...

My basic understanding is if the C wave down was to be hard then the B wave can go as high as .854 fib of wave A.

That sits around around $4.04 We just hit $4.02 so pretty damn close for this not to be a zig zag correction.

There are lots of kinds of corrections, Flat probably then next most common. Wave B can go higher than the recent $4.15, but would mean any retrace would not be lower than $3.29 and more than likely a lot less.

I still believe any retrace needs a catalyst. I’m not convinced a correction will occur.

Note I have not put in the fractals so it is a little clearer. Happy for any of the chartists to correct me as this is relatively new to me.

Going by PLS today which is on fire I would expect a strong afternoon, as we have some catching up to do.

All IMO not advice.