MONACO (MCO) Update: Is the correction over?

From my original call on Monaco, it had rose to as much as 466% profit. Since then, an abc (red) correction has ensued and it has been a deep retrace. Notice how this retrace has thus far been to the region of previous wave 4 and that's quite often the case for abc retrace levels. So now what? Is the correction over? This chart shows the abc labels but there seem to be no inflection for the b wave, just a straight line down to c.

This is when a higher resolution of shorter time frame helps. The abc is more clear and the trend line has been broken to the upside (black line). Wave i seems to be in and wave ii is being worked on. Prices can't go lower than $10.65 and if it does, then c wave is not yet done. But I think it is and so we need to watch for the five impulse waves up.

NOTE: Bullish calls could be dampened by the potential Bitcoin Bear.

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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.