It is my belief we are now into Wave 4 in white and that this is an ABC Correction Wave taking us into early February next year before more up and Wave 5? Of course time will tell whether or not this plays out and my analysis is correct or not! Using the two fibonacci levels 0.236 & 0.382 as down targets.
I saw this Channel interpretation this morning, so all of us traders are looking now for a solid target! The median of the channel has served as a good trendline for pullbacks so the outer channel therefore must equally serve as a guide? Therefore the target I suggest is coming soon and obviously time is the overriding factor but if imminent would be around $4225.