Bullish Alternative — Weekly
As outlined earlier (Nov. 15), Intermediate Wave (4) retraced sharply into the $14.36 target last week and is now resting at the apex of the support equivalence lines.
While there is still room for Intermediate Wave (4) to further evolve into a Flat or Triangle correction, an eventual extension into Intermediate Wave (5) within Primary Wave ⓷ projects toward $254🎯. This aligns with the zone defined by the divergent equivalence lines, marking the 1.618 Fibonacci extension of the Leading Diagonal that formed Primary Wave ⓵ — a structurally bullish formation.
🔖 In my Quantum Models methodology, the equivalence lines function as structural elements, anchoring the model’s internal geometry and framing the progression of alternate paths.
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