I'm expecting 38% down if that is what you mean. I am leaning towards Acwbagnall's target of 463, but H00ts' target of 483 is tempting as it is a resistance line, and I expect my original target of 450 to be exceeded. I will trigger an exit anywhere in that range when I see a reversal pattern. Note that the timing is right for a reversal (Mid May through June), but wrong for a shallow reversal - for the same reason, but TA says it should be as it is a 3rd wave, BUT (and it is a big BUT) in a sense it would work better for the timing for this to be a blow out wave, ie. one that exceeds the minimum target (450 - 463), and possibly 483, in which case the cap is likely to be the 260% fib (ie 534), or 518 using my old method of calculating it, in which case it would have to run hard for the next few days, come down until mid June and then start the run up on the 5th wave. The channel pattern, however, suggests 483 as a natural high & retrace point as the current short term channel will hit the top of the enclosing channel in a couple of days at that price AND the SP will be about 9 to 11% above the 7Day EMA at that time, so the odds are that this will not be a blow out wave and the high will be in that range in a few days.
So.. I strongly favour 463 and slightly less strongly favour 483 as the top of the current run.
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I'm expecting 38% down if that is what you mean. I am leaning...
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