CTRL-4-5-19

CTRL played a nice five wave fractal off the $5.41 bottom (January 2016) to the top at $35.99 in November 2017.

You may see that CTRL made so called an “orthodox top” at $37.62 as R.N.Elliott called it in September 2018. He called it “orthodox” because a higher high it is made by a corrective wave B up of ( B ) down in the course of expanded flat corrective structure.

To complete the huge corrective A-B-C down structure the final wave C down should complete its five wave structure. Inside an expanded flat structure wave C normally targets either 176.4% or 223.6% extension of the wave A down (the first leg down of the corrective A-B-C structure ). We should also pay attention to retracement fibs of that impulsive rally in the wave ( A ) up. We should watch an important 76.4% retracement fib located at $12.52. In full accordance to the classic five wave down fractal wave ( a ) of ( v ) down stopped at the low reached by the previous drop in wave ( iii ) down. Off that low made by the wave ( a ) down we should see a corrective wave ( b ) up. And that corrective wave ( b ) up should be followed by the final impulisv edrop down in the wave ( c ) of ( v ). That drop has to make a new lower low and would complete a larger wave C down, which in its turn would complete the whole (A)-(B)-(C) down pattern. Completion of that huge correction means that we should get another major rally in wave (C) up which should be at least equal in size to the first rally in wave ( A ). We are talking about a large multi year rally targeting a new all time high