Well, I would have thought not, 67.5 was my expected target, and it should break from the wedge anywhere after 2/3 along. In all honesty, other than than the TA rules saying it should be breaking upwards there is nothing that says it is about to jump up, and that 18m vs 11m queue is really quite troubling. The 78% fib point is 67.5 which I would think was the limit of this retrace before we should start wondering if the model has failed.
Just going to have to wait for the wedge to break me thinks.
CXO - Chart Thread, page-7578
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