Price has been holding in the buy zone since the flush down at the end of March and the start of April.
We can see that the price bounced from the final 0.887 Fib and is back above the 0.78 Fib already.
Our WXY count has not changed and I believe the low risk entry will be adding $XYZ above the blue support line at $54 and holding to catch Wave Y.
The downside risk is a break down to the blue line at $38.
Gareth Neary
2025-04-17 21:13:50 +0000 UTCGiorgio
2025-04-17 21:08:10 +0000 UTC