WAVESUSD invalidation to $43.00 if this level breaks.

WAVES followed exactly our medium-term plan on the 1W time-frame as it followed the November - December 2018 fractal to our 1W MA50 target and the 0.5 Fibonacci retracement level, as we suggested on the following chart on February 01:

Right now, the long-term cyclical pattern as implied by the sine-waves is intact and in full motion. Watch closely though, as invalidation may not be far away. A 1W candle close above the 0.618 Fibonacci retracement ($22.40 roughly) would invalidate further correction as the 0.618 Fib was never crossed in December 2018. If it does, be prepared to buy the break-out towards initially $43.00.



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