QTUM Analysis: How many more waves to go?

The abc (red) correction was very deep but complete. With wave i and ii placed and iii already if not very soon complete, that leaves wave iv and v.

I've also labeled this as a potential Head & Shoulders Bottom. Note the Left Shoulder (LS) and the Head (H) which is pretty deformed, but it's ok. If the wave iv dips and contributes to complete the Right Shoulder (RS), then the Neck Line can be drawn. If this count is correct and wave v extends, the H&S pattern provides a minimum target of $23.02.

The RS needs to first form and price needs then rise above the Neck Line (green horizontal). Given waves i,ii,iii are placed, this scenario is probable.

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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.