Possible long term wave pattern. If valid we seem to be in a ABC correction, and should expect a move up in price to point C. The first target zone would be last impulse wave 4's zone which goes up to around 62.5
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Lets see if fib 0.382 will hold as support for the bullish (cyan) trendline tomorrow.
Lets see if fib 0.382 will hold as support for the bullish (cyan) trendline tomorrow.
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Idea and wave count gains further support. Ready for a breakout of fib 0.618 on daily chart. Price might need to consolidate some first.