After computing the length of $CAL's 5 waves, I came up with a tentative conclusion that a potential trend reversal could take place 35 trading days from now. That would be around last week of July. If the length of Wave 5 will be 1.87X less than Wave 3, then a potential entry is between 1.70 to 1.73. However, if the length of Wave 5 is almost the same size or a little shorter than Wave 3, then $CAL could drop as low as 1.30. That's just my hunch. I will be a buyer between 1.70 to 1.73, but I will closely watch first internal indicators that selling is losing fire power before taking any position. 1.30 is my worst case scenario.
