We retraced only to 0.5 from the recent high.
Now if we dig in into this second wave we made a deep retracement of around 0.786 so this makes an ''a''. Current point might look like a pivot point for ''b'' so we will have ''c'' which doesn't break above ''a''. If we make 1;1 extention A to C we reach exact 0.618-0.65 golden pocket of the whole up movement since 7.2k
This is a long stretch, let's see how things turn out :)
Now if we dig in into this second wave we made a deep retracement of around 0.786 so this makes an ''a''. Current point might look like a pivot point for ''b'' so we will have ''c'' which doesn't break above ''a''. If we make 1;1 extention A to C we reach exact 0.618-0.65 golden pocket of the whole up movement since 7.2k
This is a long stretch, let's see how things turn out :)