Within this bullish formation, wave 5 is likely in its early stages, potentially targeting a ~40% total advance. With approximately 29% of this move still in play, the technical target lies near the $2.77 level. This aligns with key Fibonacci extensions and resistance zones, reinforcing the bullish outlook—provided the lower boundary of the diagonal structure holds.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.