A DECISIVE BREAK IN THE UPTREND LINE , AND THE IMPULSIVE NATURE OF THE DECLINE SUGGEST THAT A MAJOR TOP IS IN PLACE
IF MY COUNT IS CORRECT, 2ND WAVE OFTEN RETRACE ABOUT 50%-62% OF WAVE ONE
SO THE TRENDLINE MIRRORS( AFTER TRENDLINE IS BROKEN, PRICES WILL USUALL MOVE A DISTANCE BEYOND THE TRENDLINE EQUAL TO THE VERTICAL DISTANCE THAT PRICES A CHIEVED ON THE OTHER SIDE OF THE LINE) GIVE US A DOWNWARD TARGET AT $51.5 THAT‘S CORRESPONDING WITH ROUGHLY 50% OF WAVE ONE (PRIOR UPTREND)
NOTE THE PULLBACK ON THE BROKEN TRENDLINE IS WAVE FOUR
