I always look to charts .I like TA.

So based on the Fibonacci waves we could see 9 as a new wave once the 6 is smashed.Why?

We moved since almost 2 years between 3 as bottom and 6 as top with the most trading at 3 to 4.4 .

We bounced back always at 50 % level and couldn't pass it.Maybe after New year it's possible.Then we could encounter some resistance again at the 5 to 5.25 .Then the way is open for full retrachement.

For a next wave we have to flip over this wave so 6 +3 = around 9 as possible next top .Hope it goes that way next year.Meanwhile from me too a nice Christmas and eat a good turkey.

Pour les Canadiens Français.Joyeux Noël