But this time the chart setup is messy. I thought we had a clean path lower last Sunday. Then the stock bounced back and retraced more than it should have.
Now I'm stuck between two possibilities. Either we're not done with the C wave of (B) and we tag a higher high first. Or this is a more complex corrective structure than I initially mapped.
A clean reset happens one of two ways. Higher high to complete wave (B). Or straight down through $169.55.
Possible we get the higher high ahead of earnings in a few hours. That would be a more clear setup.