E-wave seems to be more applicable to swing trading than day trading.
Looking at that last leg up, I am wondering if it is in the second wave, and will retrace down in another big wave down. Target would be around 113.4. Maybe not today, but on the next big swing down.
Not all that expert myself - guess it depends on what timeframe you are looking at. Mental experiment today to watch it.
As always, thanks for posting.
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