You can see that the blue dotted line (Mean) and the price we started 2023 at are relatively the same. When we also take into account the deviation in the past several months' major highs and lows, you can see we clearly did start 2023 at near fair value.
Yellow line - 200 MA Weekly
Red - 200 MA Daily
You can see where the wedge has been bouncing on the bottom and resisting on the top of this trend. I do believe the Elliot Wave will restart it's cycle here with a move 30-40$ higher around $420 into March-ish.
