2023 CHART THREAD, page-420

Very hard to say what this current wave is, lots of big gaps in the price history etc, the more important thing at this stage until momentum shows an obvious count imo,  is that price is moving through and closing above the 62% Fib levels in both short and long term. this is what happens during either of w1, w3, w5, (the early 62% Fibs of these waves don't show too much resistance) 16c was a long term 62% Fib and there was some immediate resistance there..after the retrace to 10.5c, 14c is now the short term 62% res... so to start with price needs to get above both of these without too much trouble.