The rally from $204.00 looks very strong and is part of primary wave 5 (black).
The current pullback looks to be a simple zigzag that is testing the 38.2% Fibonacci retracement level at $317.80.
A deeper pullback will next test the 50% retracement level at $296.07.
$204.00 does not look under threat so the bias is strongly bullish.
The current pullback looks to be a simple zigzag that is testing the 38.2% Fibonacci retracement level at $317.80.
A deeper pullback will next test the 50% retracement level at $296.07.
$204.00 does not look under threat so the bias is strongly bullish.
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