I never get into a debate over whether or not something is manipulated, nor give timeframes for patterns to play out.
I personally am not a wave theorist and I use a very simple approach to technical analysis.
I simply look for potential pattern developement, draw in trendlines based on my algorithems from different price points and if they intersect, use that as a target price.
Usually, in order for the price to attain my target, the pattern will materialize.
I have been successful using this technique in the past(past results does not always translate into future results, lol).
Should the pattern break down, then I have stop losses set for protection.
All this being said,,,We are of the same thought that there is resistance 23-25 level(mine is 24.50-24.70), and this could be realized on a spike.
You mentioned that you have a wave to 30. Should that play out then both our analysis is validated.
If my analysis fails, I'm still out with a gain.
***Note*** The indicators I follow for the overall picture are getting overbought so a correction is very likely soon, however a spike to the 24.50 area is within easy reach.
If/when the pps hits 24.50 I have a trailing stop that will kick in that's fairly tight and I'll be gone until the price pulls back to where I think it will start to resume a northward trek again.
Good luck to all.
One thing about trading. No matter what, there is always an opportunity brewing somewhere !!!
