We can see that we had a clear 5 wave impulse for wave 1. We are now in wave 2, which is an ABC correction. We're looking for one final move down to complete wave 2 correction.
It may happen, may not happen. If it happens, you know what to look for!
For confirmation that we're moving towards the $10 mark, we can look for the break of the red trendline.
See below to see where we are in the Elliott Wave schematic.
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