We completed 5 waves up in an impulsive count from the $89.60 lows. The 3rd wave subdivides nicely into 5 sub waves & also gets blocked at the 1.618% fib extension which is a classic wave 3 extension in a bull market.
Then W4 holds above the 1.618% fib level and flips that into support B4 running to the 2.618% fib level which is an inverted wave 3 extension. Now all this EW analysis points the top is now in. But that said I could see wave 5 being parabolic and even running to $104.50 which is the 3.618 fib extension level. Only time will tell but the move looks exhausted IMO.
Then W4 holds above the 1.618% fib level and flips that into support B4 running to the 2.618% fib level which is an inverted wave 3 extension. Now all this EW analysis points the top is now in. But that said I could see wave 5 being parabolic and even running to $104.50 which is the 3.618 fib extension level. Only time will tell but the move looks exhausted IMO.