Chart posted 6-2-2021 at 8:34am - Making a small adjustment to this chart that was posted yesterday. Again I am late posting this, but noticed the price action go up farther than previously noted. Sometimes this happens- and if so, it indicates (to me) a different pattern. So I am changing the dominant pattern from the crab to the butterfly. So this means we will have less retracement.. but currently we want to see a price rebound around 20.50. However if we do not get this and price goes above 23.00 then we remain long. I took profits yesterday before the closing bell. If you are still in- no bog deal just do not hold below 20.00. Also I have provided a rough draft of the Elliot Wave.
Right now I am just waiting for that 20.50 -21.00 mark to get back in. Again the ultimate target is around 27.00 . Hope this update helps.