Price pulled back with the market yesterday and the price hit the 0.38 Fib exactly and held.
Good sign here and we want to see it hold this level in order to go higher for Subwave 5.
So far we can only see 3 waves up so it is still at risk of just being a corrective bounce, so it is crucial that a higher high is made above $131.75, then we can say that we are in an impulse wave in this bounce....this would also have us above the 50 and 200 Day MA and in a strong position to keep moving higher.