lol you got me going ... some general comments ... cleaned up...

lol you got me going ... some general comments ... cleaned up the chart and made it weekly for ease of interpretation ...

1) If this is truly a new uptrend, it should at one stage retrace to the black arrow before heading north i.e. 50-76% -> 50-61.8 the sweet spot (as it stands now) ... lol it just keeps going, which imo means its corrective of nature i.e. relief-rally and the bigger trend is not over
2) if it is a corrective move then it is also common for a wave 4 to retrace to the blue arrow area ... which of course will send the bulls into a frenzy ... hard for to see this happening unless there is a reason e.g. a new rumour lol

so in essence even if its corrective of nature this thing can still travel north before coming back ... however with the extended length of wave 3 (the bigger downtrend) I cannot see it retracing all the way to the bottom if it goes to e.g. 2.80 i.e. truncation of wave 5 might occur

Lastly its based on how I see it, which is based on tarrot card reading and as Bas10 said "YouTube"