This was good analysis yesterday but
the moves I anticipated were a little short of my targets,but correct in both directions so instead of a drop to 12.55 area it held 20 cents higher and instead of a 1 dollar rally we got 90 cents (12.75 to 13.65)
So where to now, it started to pullback during the day after peaking at 13.65 and now looks to test the 13 dollar step,in my view, and the next 1 dollar wave to 14 dollars looks like a possible track. There are 2 dollar moves setting up from that 13 dollar support, because this subwave developing is a 'wave 3' and that could be a 2 dollar wave.
That 15 dollar target zone (14.95-15.30 with 15.15 as a math target step... is a 'wave 3' finish in a pattern, and then the wave 5 finish is looking at 16.50-17.00-17.30 area.
I feel varying degrees of caution and concern as the rallies climb higher. This peak zone around 16-17 dollars is a big area to watch carefully when the time comes.
