WULF traded sideways today, as expected, with no significant change to the broader outlook. The ongoing consolidation continues to support the current wave structure—specifically, a developing triangle in wave iv (circled), which may be forming ahead of the anticipated final advance in wave v (circled).The Fibonacci extension target >> 6.93 remains valid.
Trend Analysis >> Upon completion of Minor degree wave C, the countertrend advance of Intermediate degree wave (B), which has been unfolding since April 9, is likely to give way to a decline in wave (C) of the same degree. This downtrend might begin in the coming days and potentially extend through the end of the year!!
WULF 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.