$MYX Elliott Wave Outlook – Potential C Wave Incoming?

The chart paints a classic 5-wave impulsive move that seems to have completed, with wave (5) peaking above 0.15. What follows now is likely an ABC corrective wave, and we’re mid-way through this correction.

✅ Wave (1)-(5) completed cleanly – impulse structure validated

✅ Now in wave (b) retracement zone

✅ Currently heading into wave (c) which may finalize the correction

Key Fibonacci Levels to Watch

⚠️ 0.618 Fib (c) = 0.1109 → initial support zone

🔽 1 Fib (c) = 0.1002 → likely target if bearish momentum builds

🧨 1.618 Fib (c) = 0.0828 → extended correction level if major sell-off hits

So far, price is respecting Elliott Wave structure and has started the descent toward the projected targets.

Any bounce toward 0.125–0.130 might be a retest from wave b and could be short-lived.

Key support zone lies between 0.100–0.110, where buyers may step in for the next leg.

If 0.100 breaks, expect a fast drop to sub 0.09 levels.

🔔 Stay alert for volume confirmation and trend shift signals around these key Fib levels. The correction may bring new accumulation opportunities!