$SEI from the lows made on the 07th of April has seen a massive rally to the upside. I believe this rally is just getting started and here is why.
From the lows #Sei has rally in a wave 1, then saw a short term retrace in a wave 2 in yellow.
The current move is a rally in a wave 3. Targets lie on the fib level 1.618 at $0.1735. That target has been hit and there is a chance a wave 3 high is in place. We don't have any topping structure at the moment and that means there is a chance of another to $0.1971 as the next target.
That rally will get confirmed if we break $0.1741 which is the current high. in case we don't break 40.1741 as we slowly start to grind lower then expect a pullback in a wave 4. Targets lie between $0.1594 -$0.1548. This is a moving targets in case we get another high.
Once we have a wave 4 low then expect another rally in a wave 5 to complete the 5 wave structure.
