Polygon: Shaken Up
Following an impressive 60% rally from the low of the green wave [2] on November 5, POL has seen a sharp pullback since Tuesday, shedding about 20% of its value. The price remains stuck within our blue Target Zone between $0.30 and $0.47. However, it should exit this range during the ongoing blue upward wave (i) to surpass the August 21 high at $0.60. However, if the price instead falls below the support at $0.28, the green wave alt.[2] will mark a new low. This would delay the development of the blue five-wave upward structure – a scenario we rate with a 37% probability.
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