We did not anticipate the overlap, but otherwise this stock is progressing down according to the script. There may not be overlap if wave 2 was highly irregular, but that is academic now. We will assume that it is going down in a large wedge wave C. Most times the stock does not go to the trend line, but it could. It should , however make a new low, that is below $27. A wild guess right now would be something like $15. If you are long this stock, or any other big ones like ABX or G, as a hedge against inflation it clearly is not working and it does not look like it will in the immediate future. Deflation, not inflation is the coming problem.