Based on the fractals and comparing the first set of impulse waves on this chart (within the green circles), it's clear that powerledger bottomed on the 11th and began a new impulse wave. Currently at the beginning of wave 3, I could see this testing former highs on this next wave up to 16.8k. A large correction will immediately follow, taking us back down near the range of wave 1's peak which would be a great second buying opportunity to ride wave 5 up to 20k. interestingly the fibs on the smaller fractal have so far directly correlated to the ones on the bigger wave.
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Finally finishing the 2nd wave consolidation. 3rd wave starting soon.
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Rockets primed. Be ready.
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Are you guys still in this trade? I've updated my target to 16.4k with more information from the waves that have developed. Here is an updated and more detailed count. As expected, Powr formed a very deep wave 4 which was an opportunity to reload and is now headed up for the final wave 5. Take profits on the way up!