My guess regarding potential price point probabilities and exit points. I think hitting the 11.1 extension is a stretch on this one, but this a hunch and nothing more. Some of these assets can obviously far surpass targets in a final impulse wave (or even fall far shorter, hitting minimum extension levels), if this is in fact what it appears- a final 5th impulse wave.
Comment:
IMO, the most conservative target is in fact the 1.618 extension, which is also ~ the equivalent length of wave 1.