123Tom's TA study group

[123tom]

PVG reaches its math target for the current recovery rally.
pullback now? target zone 7.90 area

and how tired is PVG right now, does it need a breather to gather up steam to make its next 1 dollar bounce. ? either its tired enough to pullback to the 7.90 area as a Wave 2, or it isn't too tired, and might just hold a shallow dip,like the one it made today, and bounce 1 dollar from this 8.37 dip. would we get a finish trade at 9.37. ? a 2 dollar move from 7.25 to 9.25? something like that?
Whether it starts the retrace now to target 8 dollars or whether it runs to 9.25 and then pulls downwave to target 8 dollars, I think the 8 dollar balance line will be tested again. and includes 7.80 area as well.