M bit confused re "5.4" support line? Is that a typo? If not can...

M bit confused re "5.4" support line? Is that a typo? If not can you flush it out a bit?

I'll go with the fibs (just as an alternative for anyone interested)...first uptrend is 7.1 using 10.5 as the high and 6.1 as the low. Remember last uptrend we smashed 2 levels in one day.
Looking at combination of thin sell side and hoping the dumps done and confidence returns to buyers on basis that FA has only improved since last high...weeeellll...if ducks all line up might see quite a few fib lines fall.
Also wrt Whycoff principles seeing those small hard push downs through the downtrend and spring in the past has been at these levels. That's another good indicator for sharp uptrend as well.
Thinking it's going to be a very invigorating week or two ahead indeed for holders!
Throw in some good news on top...giddy up! No promises of course just a glass half full speculation.