Last updated April 30, 2019
The rally off the December low counts best as an impulse up (red, intermediate wave-i) and the recent low best as wave-ii. If correct than wave-v of –5 of –I targets ideally around $110 +/- 1. Only a break below $84.50 will shift the count to the “alt” as shown, with the recent rally only having been a b-wave and now a c-wave down is underway, which is also subdividing into smaller a, b, c waves with wave-a of –c at the April low, now wave-b of –c underway and soon wave-c of –c will start. There’s so far no indication this is the case as that would require a move below $84.50.