TLG Chart, page-583

Looking at the wkly close there's nothing to suggest this thing is anywhere near close to loosing steam.

A higher high in wkly volume, no divergence in RSI or MACD.



But more notably the acceleration we saw last week suggest I may not have the wave3 labeled correctly.
You can see at present I have it labeled with the 3/4 before last weeks run in green below.



What's more likely is we're witnessing an extended wave3. This happens with very powerful moves and the wave3 is commonly where you'd see wave extensions (another 5 waves within 1 wave).

See middle wave diagram below.


Below is as best a projection as I can put together based on the price action revealed so far. It suggest that we're in a mild consolidation period now and the next run will take it up to $2.54 area. After this there will be a larger consolidation period that could see it drop back to $1.98 - $1.63 range and post that it can run to $3.10 area. (So manage your risk!!)



Those that follow me know I've been looking at add a parabolic move to my P/L for some time. Fingers crossed this has further to run.

Cheers,
MK
#DYOR
#ManageYourRisk