Chart Pattern Probability...
As Elliot Wave patterns basically apply to everything, even in volitile junior charts we can see the usual basic pattern unfolding, It shows clearly for MNY. While the patterns can be skewed for significant fundamental reasons that suprise the market via NRs, most of the time they are pretty clear to EW followers. It seems in the case of MNY that it is doing a classic A-B-C downtrend after the 5 wave set up a few months ago. After the downtrend is done, another 5 wave set uptrend can be expected according to EW theory. The current downtrend shows a pcture perfect pattern down, nearing completion. While the micropatterns are often not perfectly finished with reactive juniors, which can spike or retrace very quickly, the A-B-C down pattern of MNY is nearly complete as I read it. Sure it could morph into an extended waveset downward but given the developing fundamentals I doubt it highly. It is basically almost complete. Another few weeks at most before the larger uptrend starts is a probability to the extent one can expect probabilities amongst penny juniors.