We got our 5 waves to a new higher high and the pull back has happened fast already, so a 3 wave pull back to the white fibs as shown is what we expect before going higher again
After every 5 waves, there is an ABC pull back
The 5 waves higher moved very well
So again, the smaller 0.618 Fib at $3726 keeps the price above the yellow triangle top line at $3700.....once the price holds above this level, I believe the price can move higher and test the ATH level at $4875
Janko
2024-12-19 19:04:13 +0000 UTCTrading Chairman
2024-12-19 01:39:13 +0000 UTC