SEI Wave C Setup
We experienced a three-wave ABC rally to the February high, appearing as wave A, followed by a three-wave pullback in wave B that reached the 0.382 Fibonacci level. We now anticipate wave C to rise, with a target price of $4.55, as A=C. There is a consideration of starting scaling into support with the expectation of a dip to the 0.5 Fibonacci level, and scaling out at resistance.
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