if you look at the impulse wave from January to April, there have always been pull backs anywhere between 40-60%. But you are right, the "consolidation" might be higher, e.g., in the 50 cent range, and if it can hold that level, we are going to be in the dollar ranges soon enough. But I am very confident this won't be just a run up now without major pullbacks (it's just how hive "behaves"). However, if one thinks long term, they shouldn't be worrisome.
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Looks great, your idea will also contract into a big bullish pennant, breakout at end will lead to your target! :))
I didn't even had that in mind! so lookin good for now :)
Looks great, your idea will also contract into a big bullish pennant, breakout at end will lead to your target! :))