Watching now to see if Wave 4 has completed, it has pulled back exactly to the trend line and found support and bounced....price is just below the 200 Day MA in the PM now....will this act as a resistance level again for the short term?....it is possible, if it does, the price action could move down to the trend line again or even $112.
I do not see the price going below the gap fill at $112.
I will add again if the price goes below $116.
If the price breaks above the 200 Day MA, then we are in Wave 5.