Bottom Line: Two Alternatives – Lower to complete wave 4
2/31/2026 7:55 EST (Last Price 4557):
Alternative 1: Above chart
With wave 4 complete, we want to see further advance for wave 1 of 5.
Alternative 2: Below chart
Favouring that wave 4 is not complete and we have further weakness to the downside to complete wave 4.
This analysis (alt 2) aligns with the daily chart below which shows that 38.2 fibonacci level is yet to be hit.
Weekly Analysis
Monthly Analysis
