My original target was between the .5 and .618 fibs for the A wave retracement, based on this price action being some sort of triangle or wedge.
I would like to see additional confirmation soon (such as a huge rejection at 8.5k, and/or falling below 7.7k). The bullish alternative is that the overall wave 4 is over and we are in a 1-2 or leading diagonal setup for the final leg up to 10k.
I would like to see additional confirmation soon (such as a huge rejection at 8.5k, and/or falling below 7.7k). The bullish alternative is that the overall wave 4 is over and we are in a 1-2 or leading diagonal setup for the final leg up to 10k.