I have added in the horizontal yellow line, which was taken from the top in August 2023 and we can see that it is a support/resistance level and this is the level where the price action must break above to give the green light to move higher to our Wave 3 target at $208.
The yellow line is at $155.
No test of the 50 Day MA at $150 today, so this can still happen before making an attempt to break above the yellow line next.
We want the price to stay above the 50 Day MA.