Charting, page-2126

An update today from @beisha


Well, clearly minor wave 3 up is done and dusted ( red bubble ) , thought there might have been another nudge up, but failed to eventuate , so the 1.618 target of $2 didnt materialise for that wave

So minor sub wave 4 down is in play right now, typically finishes around the 38 fib or around the height of wave 1 up ( pink bubble ).

So the 140 support line , which was recently resistance could get challenged once again, whereby hopefully minor sub wave 5 up takes over from there.

Assuming 140 support line does get hit and holds , then i have a revised 1.618 target of 248 for the full 5 minor waves ........certainly guaranteed at least to break the 199 & 209 resistance levels.

Given that a DFS for GLN is expected Q1 2023, i expect 248 to get hit , potentially more.


imo