The shorters have already lost here IMO. When the price opened above $1.09 today it ruled out an inverse impulse wave sequence (5 waves down) and confirmed the ABC correction, which ended at 98.5c. The back test and gap close today was the wave 4 correction on the hourly chart, we are now in wave 5 with a $1.20 target on that time frame. If it can get above the fib at $1.14 and hold above for a few days, we will be laughing and anyone still short will be scrambling.
Banter and general comments, page-27200
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