SUI macro impulse wave 2

SUI is at a critical support zone which lines up with the 61.8 fib retracement if the bulls can hold the support and not give in to bearish sell pressure pushing to the 78.6 retracement we can see the 3rd impulse wave (which is the biggest wave of the 1-3-5 Elliott wave pattern kick off. At the moment the pattern that best shows what price action is doing for the flag of this up move is a falling wedge and the end point lines up at the beginning of the breakout of the pattern. Hopefully bears don’t push it down that far and invalidate the pattern. Wait for breakout of the wedge for entry. First target is the 38.6 2nd target is high of the flagpole.