Elliott wave students! What follows a wave 2 corrective move? Yes, wave 3 up. That's right. BUT...

$TRUMP is in a wave 2 move lower off the wave 1 high of 75.83. Wave 2 is a simple WXY corrective move from the 75.83 high. Look for it to continue downward to the 78.6% Fibonacci retracement of the wave 1 up.

Further downside - one more low in the 61.8% to 78.6% zone, but what comes next? Yup, wave 3 to new highs. I'll have targets for that once the wave 2 low is in place between $29.4 and $16.4. That's my buy zone.
#TRUMP