Update on the GLUU move down, in my opinion, price is currently moving on the third wave down this corrective wave (red). If third wave is broken down into 3 waves, I see the 3rd wave being broken down into a 5 wave compulsive waves moving downwards (blue). Currently, the 4th wave of the blue wave is at the 0.382 retracement of the previous wave 2 and 3, and I am expecting it to move down to the $7.40 to $7.52 range before making a support and moving back up again.