WULF declined a modest 2.5% today, in line with the ongoing Wave (iv) correction, which looks to be nearing completion around the 0.382 retracement level. An impulsive advance in Wave (v) is likely to follow soon.
📉Wave Analysis
The extending impulsive Minor Wave C may have completed subwave (iii) of Minute Wave iii(circled), peaking just above the 10.50 Fibonacci extension target. As expected, a retracement in Wave (iv) of iii(circled) is unfolding, with price pulling back toward the 0.382 Fibonacci retracement level near 7.80.
📈Trend Analysis
The upward trend — with a potential final rise of 60% and a technical target 🎯near $13 — is expected to continue into mid-September. 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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