Pull back now completes our Wave 4 projection, price needs to hold above $303 now in order to stay in the bull case, a drop down below $303 would weaken the structure and we know before that getting above $303 was difficult, so losing it again is not what the bulls want to see.
If it can hold $303, this should then comfortably climb on Wave 5 to complete around $321
Anthony
2023-07-07 00:45:10 +0000 UTC