This company only IPO'd at the end of 2022 so it is difficult to make a complete chart as I effectively only have 1 wave complete so far....that being said, the pull back so far has been exactly to the 0.38 Fib, so I can decipher an ABC count from this, if this pull back completes as shown....the Wave 3 target is valid.
A break above the blue line again and this is into the bull case, ideally we want to see a pull back to the 0.618 Fib before breaking above the blue line.