WULF may have started a counter-trend rally by 66% at its significant low(3.16) last day.So after expanding five overlapping wave structure (in Minor degree) to the downward as the leading diagonal wave (A), following the same degree wave (B) in a three-wave retracement of 78.6% would likely lie ahead, and it might be taking time until mid-June.
Currently,
WULF's rally of Minor degree wave A towards the Fib 0.618 retracement lavel seems to have started as well. The Fib-retracement target >> 6.16The overall wave structure of retracing up in Intermediate degree wave (B) illustrated well on the daily chart above.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.