Looking at the price movement we can see, that the price just made a symmetrical triangle formation, that is one of the corrective formations that we are looking for in the five wave structures. It also happened right after the first bullish impulsive move after a long term of bearish movement. So this move is counted as wave 1, and the symmetrical triangle as corrective wave 2. Waiting for a bullish breakout and wave 3.
We wish you good luck with your trading!
We wish you good luck with your trading!