It looks like wave 3 is about to reach its climax soon as EWO indicator shows Bearish divergence with the rising price.
Wave 4 down could drop to the valley of smaller wave 4 around $2,285 and touch the downside of very beautiful uptrend. It should stay above the top of wave 1 at $2,085 otherwise the wave count could be invalidated.
Wave 5 in commodities is usually extended, $3k target doesn't look impossible though.
Wave 4 down could drop to the valley of smaller wave 4 around $2,285 and touch the downside of very beautiful uptrend. It should stay above the top of wave 1 at $2,085 otherwise the wave count could be invalidated.
Wave 5 in commodities is usually extended, $3k target doesn't look impossible though.
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