-3.5% pull back in the PM now is not giving me much concern for the structure here
And we can see on the chart that this PM move brings the price down to retest the outside of the bullish flag support line and the 50 MA on the 1hr chart.
The 1.618 Fib is also there too at $16.62 to offer further support
So I believe if the price action can stay above this level then I still expect Subwave 5 to play out as shown and then we will get our abc pull back to the amber fib support levels as shown and where we spoke about in the last upload.
So no need to do anything right now, we added at $16.10 last week, so you've done your job, let the price action do its job now.
SathishKumar Pandurengan
2025-05-19 15:50:38 +0000 UTCSid
2025-05-19 10:50:29 +0000 UTC