Last Updated March 22, 2019
This ticker has a change to do a final 5th wave up, but odds are low. Instead it looks better as a three wave advance and now in a three wave decline. IF wave-1,2 setup the price should bottom in the white target zone. A break AND close below $53.00 will be a first very serious warning (76.4% retrace of prior advance) and a break below $50 pretty much confirm that the recent high was a B-wave and price will go much lower (back to low-teens to single digits). IF price can hold the low-60s to high 50s and then rallies strongly it argues in favor of the 1, 2 count. Hence, one could use these prices as stops if one is inclined to go long.