Amazon UpdateFor three weeks now price has been slowly grinding lower in nothing but chop. Is this the initial mini-A-wave of c? That is what it looks like to me as of now. As I have said time and time again, price can take whatever path it wants but ultimately my target boxes almost always get hit. Right now, my target box says price will eventually make it down to the $150's-$160's. I can't say for sure what path it will take or how long it will be, but I can say with confidence this appears to be a corrective pattern and one I am labeling the mini-A wave of micro c. This micro-c should complete the intermediate (A) wave of the larger wave ((2)).
Don't forget corrective patterns can chop until the cows come home and thus can take a very long time. Time wise this mini-A wave, if that is in fact what it is, has already taken longer than the initial a wave. This is partly what makes me think the mini-B wave should be starting very soon if not already. I expect that to raise to the area of the 0.236 @ $185.81 before falling again in C of c of (A) of ((2)). Plan on this larger pattern taking MONTHS to complete.
