now knowing all that, our previous points of resistance, aligning with the FIB ...
Then if i draw the current run as an elliot wave, it appears we may be in wave 5 of 5 .. Where in the next month, because were all longs and thus im using the 1 mth period, we should hit or closely approach the next level of resistence 9.28 (which is very close to the 0.382 fib level of 10.00) ..
i.e. i used the rule that wave 1, at 86.8%, is roughly the same length as wave 5, extrapolating to the resistence point being 89.35% ..
So its at that resistence point , at the end of wave 5, we should expect a pullback (probably an abc correction ) ... I didnt draw that BUT will if this goes to plan this month
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