Two weeks ago I was wondering if the retrace was complete. However, it seems as if we are completing a ABCD
correction. The AB leg completed at the yearly PP
and 78.6% fib level. The BC
leg did not make it back to the pitchfork median line
and we can expect the correction to continue to the lower median line
of the pitchfork
, 127% extension and monthly S1 support.