This is the scenario that I am following for AFAX, which is a WXY correction
And now on the last side of Y .
It is true that I expect a further drop to $8, but the positivity is that it will end the correction and start the upward journey, either to wave 3 or a triple corrective rise B, but regardless of the type of rise, the targets will be beautiful.
We notice that the last leg of Y is a diagonal wave. We are currently almost finished with the third wave of it. We are watching and seeing what happens in terms of surprises.
Trade with caution
Wave Analysis

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