According to Eliott Wave theory, we could be at the beginning stages of a Wave 3 impulse wave.

Wave 1 started at the bottom in September of 2019. We have 3 peaks making higher highs. We have 2 corrections making higher lows.

Wave 2 corrected in the ABC pattern with 2 moves down and a peak lower than the peak of wave one.

Let me know what you think.

Target, according to the theory, is the 1.618 Fibonacci extension of wave one.
Elliott Wave

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