Hey
@W3hunter and
@princey37, saw your posts in ASN. Was thinking about its run. Here is a chart. I see 5 waves ending around the major 62%fib resistance unless the 5th wave is extraordinary. Just random thoughts. Posting here since I want nothing to do with those guys over there.
Seems like a EW like reversal from the earlier walk down it took. On the 15 min chart we see,
1. lower degree 5 waves into Wave 1.
2. close to 78%FIb retrace into Wave 2.
3. Impulsive 5 wave fractals into Wave 3 which has now peaked at 1.618 from Wave 2 low.
4. The current chop seems like a flat correction Wave 4 which should end around 25 cents (flat alternates with the deep wave 2 retrace).
5. From there a 0.618 extension for Wave 5 is around 34 cents. Lets round it off to the main fib resistance at 36 cents or so.
Sure, might get an extended Wave 5 and we go higher. I think we retrace at 36 or thereabouts to finish the wave 1 on the weekly. Happy if it pushes higher.
