$ONON getting a comfortable pull back now after hitting our Wave 3 target, no changes to the chart here and we have Wave 4 sitting between the 0.38 Fib and the 0.5 Fib and we can see that the 50 Day MA is cutting through this range too so this is exactly what we want to see.
Wait for the pull back to complete before considering a position and a test of support either at $37, the 50 Day MA at $36 or the 0.5 Fib at $35
Very straight forward here now.