$COIN: Expecting Further Downside
My count on 
COIN has it going significantly lower. From its inception, the pattern appears to be corrective, and should need to see further downside in order to complete cycle (yellow) c, at a minimum.
That will not ensure that the pattern is complete, however, as that itself may only be the first leg of an even larger 3-wave structure, but we will have to wait until we can try to make that assessment.
The target posted is based off of a fib relationship that I expect to see at a minimum for the next leg down.
COIN has it going significantly lower. From its inception, the pattern appears to be corrective, and should need to see further downside in order to complete cycle (yellow) c, at a minimum.That will not ensure that the pattern is complete, however, as that itself may only be the first leg of an even larger 3-wave structure, but we will have to wait until we can try to make that assessment.
The target posted is based off of a fib relationship that I expect to see at a minimum for the next leg down.
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