HICL - UK investment income investment trust - more downside

Pretty obscure I know, but a popular trust for UK income seekers paying an over 5% dividend. My Wave analysis suggests there more be more downside before we see any decent rally or continuation on any uptrend in this trust.

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did that correction finish sooner than I thought? Looks like it.

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I'm not convinced I can count 5 waves down for a C waves so there may be further downside but I still find it amazing how many times I see something drawn like a magnet to a major fib number.