$POL

The price is currently reacting to the first micro resistance zone, which lies between $0.114 and $0.158. This resistance level has recently been adjusted based on the updated wave interpretation.
The broader downtrend remains intact. One small change in the wave count is that the fifth wave to the downside is now expected to unfold as an ABC structure rather than an impulse. This adjustment reflects the fact that the entire move to the downside is developing as a diagonal pattern, where the final wave often forms a corrective ABC structure instead of a five-wave impulse.
As long as the market remains below the $0.158 level, the downside scenario continues to be favoured.
In that case, the next downside target area would come in around $0.058. The reaction at the current resistance zone will therefore be important in determining whether the market resumes the broader downward move.