Looking back to Stamp for historical data we can see it clearly looks like we have completed the ABC correction from the top All Time High. We have accumulated for along time and with a clear recent breakout and pullback to break line this is classic Wyckoff theory .
On last breakout we looked to 475 as the target since price has memory of previous support and resistance areas of trade
This recent run up to 370 exceeded our target of 360 and has now seemed to hold a nice 50% retrace as it begins its march back up.
This would be a new elliot wave set beginning that may take us to levels of 680-700 upon wave completion
Long on the monthly and will update intermediate targets in lower time frames
On last breakout we looked to 475 as the target since price has memory of previous support and resistance areas of trade
This recent run up to 370 exceeded our target of 360 and has now seemed to hold a nice 50% retrace as it begins its march back up.
This would be a new elliot wave set beginning that may take us to levels of 680-700 upon wave completion
Long on the monthly and will update intermediate targets in lower time frames