Nice catalyst before the opening today and the timing could not have been more beneficial.
Break above the 0.38 Fib at $23 and initially the price had done above the 50 MA on the 1hr chart too.
What we want to see over the next few sessions is a continuation of this strength and a capture of the 200 MA on the 1hr chart at $24.30.
This would be a strong signal that Subwave C is now complete and I will also consider adding again above this level.
Very happy with with our 5-6% gain this week so far.