The first zig-zag (ABC) had wave C hitting a 1.618 almost on the dot of A.
The corrective pattern in the middle was an ABCDE running in a channel.
The second zig-zag (ABC) looks to be on its C and taking a conservative 1.00 of A.
On wave C it looks like a series of 1-2s and we are entering the eye of the storm where it is a 3 of 3 of 3 of 3 and crossing at the 31,000 level which is the bottom of the magnet zone of 31k-41k.
If the "eye of the storm", basically the 3s, gets nasty and extends then this C could become 1.618 of A and really put the hurt on going well below 20k.
The corrective pattern in the middle was an ABCDE running in a channel.
The second zig-zag (ABC) looks to be on its C and taking a conservative 1.00 of A.
On wave C it looks like a series of 1-2s and we are entering the eye of the storm where it is a 3 of 3 of 3 of 3 and crossing at the 31,000 level which is the bottom of the magnet zone of 31k-41k.
If the "eye of the storm", basically the 3s, gets nasty and extends then this C could become 1.618 of A and really put the hurt on going well below 20k.