Big fan of $TSM and the chart has been beautiful to us for the last 18 months and we called every wave of this in the impulse wave correctly.
Now I believe this is firmly in its ABC correction.
Wave A looks complete to me, after falling below its 0.38 Fib and holding support on its 200 Day MA.
I believe Wave B can drift higher to its 50 Day MA, where I would expect some resistance
Wave C is set at the 0.5 Fib at $126.