Ox (ZRX) Likely Heading Towards a New Lower Low

SUMMARY

The below chart shows an incomplete Cup & Handle where the handle formation has a lower low ver likely. The retracement could become deeper than expected.

The subwaves show that each of the wxyxz complex has an abc (blue). All waves are complete except for the last white Z and its blue waves show that (a) and (b) are complete with one more blue (c) down to go. IF this is correct, then the blue (c) could reach for the lower trend line and that could be in the range of $0.28 to $0.15. In % terms, it could be a significant decline but in terms of Elliott Waves, the last wave could be fulfilled.

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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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