Be aware of entering new longs in this area as we seem to be in yet another Leading Diagonal formation. The first 5 Waves are already in, but calculating the current zig zag target doesn’t give price structure the precise drop that it needs. I’m anticipating a double zig zag correction to really shake out early/over leveraged bulls. Big buyers coming in at .40. Word to ya momma.
Trade active
A much better view here. A drop to .40 would land us nicely on the 50D SMA - Institutional buyers will make a move.
Note
#closeup / Trade active
We have to be in Wave 2 of a strong, impulsive Wave down to the .20-.23 cent range. No real Bull can be seen here. Note
Pick you buying zone..... Note
Pick your buying zone..... 
Decode the wave, anticipate the move. elliottwavescience.com
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Decode the wave, anticipate the move. elliottwavescience.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.