Has been quite strong over the last few session, it has broken above the wedge now, it is above the 50 and 200 Day MA on the 1hr chart and the last test will be the previous high at $177. A break above this and it can hold, then Wave 2 could be complete.
As I have said a number of times now, $146 does not have to gap fill, a lot of people have been waiting for this to happen, Wave 2 completing at $152, at the red line is valid and we could be starting Wave 3 now if we go above $177. If it rejects THEN it can come down but be prepared for it being able to break out above.
I want everyone to be clear on this.
Eduardo Raposo
2023-05-19 00:31:18 +0000 UTC