Price is clearly finishing the 4th waves and going for the 5th wave.
after completing the 5th wave, in Daily timeframe the price will formed 3rd impulse wave, around level $50.00
we can clearly see there is an AB=CD pattern inside the 4 hour chart time frame.
So once H4 Chart AB=CD pattern formed, we will start looking for short position to $44.00 - $42.00 range to complete the 4th corrective wave structure.
Once the 4th wave finished at $44.00 - $42.00, we will start taking long position to complete the 5th impulse wave, upside target $60.00
after completing the 5th wave, in Daily timeframe the price will formed 3rd impulse wave, around level $50.00
we can clearly see there is an AB=CD pattern inside the 4 hour chart time frame.
So once H4 Chart AB=CD pattern formed, we will start looking for short position to $44.00 - $42.00 range to complete the 4th corrective wave structure.
Once the 4th wave finished at $44.00 - $42.00, we will start taking long position to complete the 5th impulse wave, upside target $60.00
Trade ativo:
Breakout confirmed, Long position activate