CNIT nearing completion of correction - wave 3 about to start

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CNIT nearing start of wave 3. If there is a bounce on the RSI and a breakaway from the wedge, we are good to go. Enter if it breaks the wedge upwards. It is testing critical point right now.
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CNIT broke below the wedge today. We wait for a confirmation tomorrow, if there isn't a bounce - This is falling to a 1:1 extension.
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Further downtrend expected for CNIT, a 1:1 correction could be very much possible. Target is 1.86 for the bounce.
Chart PatternsTechnical IndicatorsTrend Analysis

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