Metro Retail Stores Group (MRSGI) Completes 5-3 Wave Cycle

On April 10, 2019, the price of Metro Retail Stores Group (MRSGI)  drew a five-wave rally with an ending diagonal in the position of wave 5. Naturally, a three-wave decline followed. The retracement developed as an A-B-C zigzag and dragged the price down to almost exactly the 78.6% Fibonacci Retracement.