Well, in e-wave, once ELX breached 26, it was on a corrective move down. I prefer to count the move up to the highs as an "A", and the current move down as an "a of B", which does not necessitate new lower lows. The gap fill would work just fine. $8.40 is maybe the worst it may get unless there is some fundamental thing I'm not aware of on ELX.
Market Data 
Markets 
AI
