Another target hit within hours of its release. Obviously, No bearish water is putting out this bullish fire.
However, as indicated at the release of this 676.67 target this morning, a reversal is probable underway (see technical commentary at the bottom of this thread here: tradingview.com/v/nIWHo655/).
At this point, and at the risk of sounding redundant to this morning's call, I expect the reversal to be measured at Fib-paces (i.e.: 38.2, 50, or 61.8), although I will wait for details of the model to ascertain a more assuring and precise support determination.
The outlook remains bullish, with a neutral interim while a consolidation completes following the recent ramp-up.
Cheers,
David Alcindor Predictive Analysis & Forecasting
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