Good Morning Sharpie, I've created my own spreadsheets and formulas through my Excel spreadsheet program in order to calculate the fib ratios and have not really ever used the fib tools that come with the trading software and not really familiar with them. Just messing around with them a little doesn't seem that they are using the EW fib waves correctly. Prob me though and maybe I'll look for a tutorial on my program. Until then though and at this juncture, I'll use continue to use my tried and true self created spreadsheet :).
However, my very first initial chart from the recent bottom shows that we go to 21.19 for a Wave 5 top (2nd alternate chart showed 21.11) and so I suspect that we will get there before a small retrace. We might go higher, but I will have to see where the Wave 3 on that chart stops. The above number is based on a typical wave 3 peaking at 20.44 but if it extends higher, well then so does the Wave 5 top my friend.
Very close to my projections there sir. Must mean it will be so if we both come to that conclusion..hee hee. Another consideration is the bottom 19.23 to 20.22 (Wednesdays top) could be an intermediate Wave 1. In that case, it would project a typical Wave 3 to 21.82. Then Wave 5 to 23.42.