Weekly Chart - 62fib solid break = check. We want this to continue, or maintain support at that 62fib circa 16.5c. When that happens, you can reasonably expect the 162fib extension to get hit. This matches the larger 62fib resistance on the left. Unlikely to break straight through, but when / if it does then the next 262fib extension comes into play, similar level to all time highs.
Some indicators show chance of consolidation happening around this 16.5c to low 20c levels. See how that goes on this weekly.
The hold of 16.5c, with decent breakaway gap up and bigger volume from here, will be that 3rd of the 3rd wave on the daily that I have been anticipating, and 3rd of the 3rd of the 3rd in the larger super-cycle. On major breaks the typical indicators for oversold become unreliable, the wave can run regardless.
GLTA!
2021 Charts, page-2595
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