Ideal AB=CD (precise 0.618 -> 1.618) (possible Bat a bit higher) to WW completion. Looking for a move down to the 59 area at least.
Some great details about this Wolfe Wave: The 1-4 target line has the same slope as the blue downsloping fork. The 2-4 line exactly the same as the steepest upsloping black fork. The 1-3 line the same as the turquoise upsloping fork - notice how well price respects that median line on the way up!
Daily TF confluence in this area from the downsloping channel middle, upsloping 0.5 median line and the overlapping median line from the smaller fork:
I would consider a break above all of this quite significant = adobt bullish bias. Downtrend on the weekly but in the form of a completed AB=CD , which means the uptrend might reassert itself soon.
Some great details about this Wolfe Wave: The 1-4 target line has the same slope as the blue downsloping fork. The 2-4 line exactly the same as the steepest upsloping black fork. The 1-3 line the same as the turquoise upsloping fork - notice how well price respects that median line on the way up!
Daily TF confluence in this area from the downsloping channel middle, upsloping 0.5 median line and the overlapping median line from the smaller fork:
I would consider a break above all of this quite significant = adobt bullish bias. Downtrend on the weekly but in the form of a completed AB=CD , which means the uptrend might reassert itself soon.