SYA Chart, page-1618

Hi @Stevohh ... I do like your alternative' potential Cup n Handle and it will interesting to see if it plays out(all dependent on the 30c or 25c suppts holding as you have shown, right). What concerned me recently, with SYA's SP action approaching the 38/39c 2021 highs, was it coincided with both its classic (initial)Fib Extn extreme levels(423.6%) and the perfect wave structure(9-waver) out of its 2022L (where the initial Fib range started). Coincidently, this is just as it did in its 2021 run up to the initial 38cH.

As would be expected after such a run its typical for the SP to start a more substantial Price and Time retrace(consolidation/profit-taking process, whatever) which could mean all the way back to the previous 161.8% Fib Extn level(or = to a 61.8% retrace of the whole 9-wave Impulse range). Or, at the very least, back to the old 261.8% level. I have noted on my chart below that the 2021 retrace initially pulled up right at the 161.8% level, B4 the "bear" fall eventually went right back to 2021L . Now, I'm not saying that will happen here or even suggest it might(Sector and Stock fundamentals have greatly improved since the 2021L), but more that I wouldn't be surprised if SYA will spent more Time and Price correction than many might expect... mid 20's?

I will disclose that even though I have still shown Held and Hold below I did sell 50% of my SYA exposure in Mon/Tues; switching most of that into LLL.

GTTASH's