Within the context of the D wave, i've broken STOR down on the 4 hour chart. It shows clear fibonacci retracement and extension levels. Both subwaves retraced 61.8% to then extend above previous highs. Extending the leg labeled 1-2 by 1.15 suggests this final D will develop in 5 waves (as labeled) First target at 100% (3) and final at 115% (5). In the meantime the move remains choppy. Sudden breakouts may signal the beginning of this final C-D leg. MAROC has crossed above both its derivatives suggesting the price action is sustainable and momentum is increasing.
*** MAROC is not a buy/sell indicator. It suggests sustainability of an existing trend.
*** MAROC is not a buy/sell indicator. It suggests sustainability of an existing trend.
Comment:
First target '3' at 36.08 reached (high 36.12). Possible retracement below 35 before resuming uptrend towards '5' at 36.46. It feels so good when you get it on the mark )))