Bottom Line: Two Alternatives Lower for wave 2
04/04/26 10:09 EST (Last Price 5.35):
We’ve updated the internals to suggest that wave 2 is still unfolding as a zigzag. We anticipate an ending diagonal type of price action for the rest of the remaining decline.
Alternative 1 (Above prefferred)
Target for wave 2 is between 3.3 and 4.5. This a deeper retracement with 61.8% Fibonacci of wave 1 at 3.9
Alternative 2 (Below)
Target for wave 2 is between 4.2 and 5.2 signifying a more shallow retracement and a nested wave 2.
Bottom Line: Higher for wave (ii)
