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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