OK nice rejection so far here at the 1.618 Fib at $90 and the price came all the way down to the 50 Day MA this week and has so far held support....we do want to see this level lost and come down further over the next few weeks/months
Because the price is still above the 50 Day MA, we can not rule out another higher high to $96 first, which is why I have not trimmed here yet....but losing the 50 Day MA and I will take 20% off the table at the very least, as this is Wave 5 completed.