$DELL The first Wave 5 attempt just failed at $514. Is the real impulse loading, or does Wave 4 still have more work? Weekly count is still a larger 1-2-3. Price is boxed in a decision range: 📈 Break & hold $514 → Wave 5 confirmed Target: $770 📉 Lose $427 → Wave 4 not finished Expanded flat can reach $290–$300 (larger bullish structure stays intact) Q2 prints tomorrow after the close. Q1 was a blowout — revenue +88%, $51.3B AI backlog, FY27 guide raised to ~$167B with ~$60B in AI servers. Street is watching whether they convert that backlog and raise again without crushing margins. As @notanotherquant pointed out: demand is booming, supply is the bottleneck. Technically the range is set. Earnings can force the break. Which side are you on — $514 confirmation or $427 failure? @MWi_EW @TheWasianTrader @Brownmoose