Could this be a 2 for another test of $ 300? i.e. 1, 2,3, 4, 5 of a much larger magnitude?
wave c being wave i? not a chance imo.
There is a fair chance that this is unfolding. This could produce the form for an excellent short opportunity if it happens. waves iii iv and v that will possibly conclude the bear market may unfold clearly before our eyes toward $100-$150
But in the case of an ending diagonal wave c, there is also the chance that we head on straight to 1300-1200 in a third wave extension and who knows where it will stop. So, I would encourage nobody to take longs despite a bit of upside potential.