Just my take on CTX i remember posting a chart on this baby when she was $8 haha crazy how far it went, really should have held onto those shares i would be a heck of a lot richer. Anyway i have looked at her lately and have been playing a few scalps here and there but longer term this is what i think it might do.
the 5 elliot waves up into and ABC correction, that B wave has been taken to the 50% fib of that down range as a target but once it confirms and indicators are turning down then i think the C wave will run down to around that $11 mark as this is also the 38.2% fib of the recent range but i have not marked this on the chart so looks important level
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