Wave 2 has been a heavy correction, as wave c has reached the extention of wave a.
Now the 5 waves of the c waves seem to have passed, a new impulse wave up can be expected. The first indicator would be a breakout with volume out of the correction trend (purple).
Also the 8.2k level needs to be broken. After this we still need to face the heavy 9k resistance where the previous wave failed to break through.
Since the big correction to 6k we have seen a higher low around 7k and the end of this correction could be another higher low.
The stop-loss would be a break of the current trend (orange), because this would be a bearish sign
Now the 5 waves of the c waves seem to have passed, a new impulse wave up can be expected. The first indicator would be a breakout with volume out of the correction trend (purple).
Also the 8.2k level needs to be broken. After this we still need to face the heavy 9k resistance where the previous wave failed to break through.
Since the big correction to 6k we have seen a higher low around 7k and the end of this correction could be another higher low.
The stop-loss would be a break of the current trend (orange), because this would be a bearish sign