No, I was talking more longer term with the main wedge formation; This is the whole move from virtually zero, just depends how much weight you put on the early move from 0.003 to 0.03. A weekly log chart is good for a look. If we assume the 21.5c high is a major top, then this bullish wedge will need to hold up for a sustained move to new highs. That's why I'm not putting as much weight on the 61.8 fib, a move anywhere in the wedge would be fine for mine, that just happens to be in that retrace zone < 61 > 78. If I start the grid from 1.7c (which fits the waves better) then the 78 level looks like a good target at about 6c, which is also ~ wave 4 congestion area (see second chart).
