Then, exactly a year ago, and now charts;
We are not sure of anything, then or now, but we reached the 50% target at $16 and then some, all the way to $13.83 (Big chart does not show that low). That target was based on the retracement of the last leg up. If calculated on the entire travel from zero it works out to a bit above $13. By the way, the fund already has dropped below it’s channel as drawn and may already be overlapping earlier lower degree waves. If not already it would certainly happen at <$12 which essentially means that a complete free fall is possible as it will then be safe to conclude that a complete 5 wave sequence was completed at the $26 peak. Always use a stop!