Looking like it's about to break the resistance at the peak of sub wave 3 . I am expecting this one to climb quite significantly as well, given the sheer number of fractals this run already has to complete. Oscillators expectantly bullish. NFA - do your own research.
Comment:
Just thought I would do a quick update. Obviously retraced back a bit, killing quite a few fake fractal starts, which is good. I am not terminating my positions, as its evident we have undergone a subwave 2 (note the Zigzag- typical and a retrace to >.786 area). I am willing to bet the run up and the impulsive retrace is a 1 and a 2 of a much larger pattern. But I would get suspicious if retrace is >90% and invalidate if we break the floor. Both scenarios still quite far at this junction. RSI crossed back from oversold territory, which is reassuring.
Comment:
Seems TV wont let me post separate updated charts, so I will publish an updated picture soon.
Trade closed: target reached:
Taking profits - Fib target reached! Multiple targets obviously reached in that huge pump.