$MELI keeps pushing higher and although we set Wave 5 at the 1.618 Fib, which is normally the Wave 3 level, we can see that $MELI has been benefiting from the holiday sales too and has had a very strong month so far.
So let's see if $MELI can keep pushing higher to our standard Wave 5 level at the 2 Fib.
Going above this level would have it drifting close to its all time high line at $2000.
This would be an impressive jump from $1100 in July.