- Finished a wave 4 and broke above the downtrend line on another leg up into W5 TZ.
- Nice move up hitting the 1.75% extension at the 1.272% and pausing.
- Having an inside day today, potentially get a flag to move higher into the 1.618 to 2.272% area for end of Wave 3.
- However Wave 3 like to terminate at 1.75%. But only price action will tell us.
- Nice move up hitting the 1.75% extension at the 1.272% and pausing.
- Having an inside day today, potentially get a flag to move higher into the 1.618 to 2.272% area for end of Wave 3.
- However Wave 3 like to terminate at 1.75%. But only price action will tell us.
Comment:
SPOT doing it's thing. Hitting the Target Zone area and into the target extension areas from the previous swing 3 high to swing 4 low. Price moves can terminate at these levels. But currently flagging at it's highs which is a good sign.
