Will it bounce off $107-$108? Or dip to $102?

Diminishing downward momentum. Could see short term bounce off at key level $107-$108.

But it looks like there will be a steeper A-B-C downward retracement to Fib 0.5 to complete Wave 4.

If it held and shows bullish pattern off $102, could be a nice entry spot.

Otherwise my goodness it could further dip to Fib 0.5 $96. That will be a really sweet discounted price to enter.

Commentaire:

After 2 months, it's still holding at $107 resistance very tightly.