WULF has been consolidating since early last week, consistent with the ongoing Wave (iv) correction, which appears to be forming a triangle pattern that’s nearing completion. An impulsive advance in Wave (v) is expected now.
📉 Wave Analysis
The extending Minor Wave C has completed subwave (iii) of its Minute Wave ⅲ(circled), having peaked above the 10.50 Fibonacci extension. As expected, Wave (iv) has unfolded so far as a triangle correction.
📈 Trend Analysis
The upward trend is expected to continue into mid-September, with a potential final rise of approximately 50%, 🎯targeting the $13 level.
Once the structure of Minor Wave C completes, the countertrend advance of Intermediate Wave (B) — the second leg of a developing flat correction in Primary Wave ②, in progress since April 9 — will likely give way to a similarly graded decline in Wave (C), possibly extending through year-end.
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