Link has been behaving a very logical manner since topping. It has been respecting Supports and Resistances precislely. Now it has built up layers of energy, is break out imminent?
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Hit the "Immediate Resistance" and pulled back The bounce thus far looks purely "corrective" and not showing any signs of an "Impulsive" move. Thus I expect a move down to test some of the supports below.
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So much for "corrective", we just pierced the "immediate Resistance" Perhaps a retest and then attack on the thick resistance above.
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Here we are into the thick of resistance, and looks to be slicing through it pretty easily but that green 5.236 is a possible wave endpoint, so watching closely here.
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LINK just keeps on going. BUT heads up on the 9.618 coming up We may just blow through it, but if this extended wave WERE to end, that would be a GOOD spot to do so....
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Punched right thru the 9.618 But was that a "blow off top"? Hard to say with Link being so vicious Bull!
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Bit of a pullback from the 9.618 blow off top Now expecting retrace to the 5.618, which happens to be around the nice round $2.50 figure....