From my little knowledge of EW, I can see that we went down from $19500 to $6900 that is nearly 65% down. (still can go down to 68% i.e. $6240)
However, Is that what is called wave 2 from an anual prespective?
if so, it will be followed by wave 3 to take the price to 1.62 times 20k or 2.62 times 20k or 4.25 times 20k ? i.e. $32 or $52 or $84
Did I get it right?
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