A 5th wave underway

New high 3050+ expected. Stop loss below 2600.
Prehistory and analysis of 4th wave - at Related idea.

Comment:

Wave (iii) underway (resistance trendline broken up). Targets 2900, 3000+
Stop below wave (ii) (2700).

Comment:

Up or down? Up expected.

Comment:

Target 2900 reached. A correction may occur: Long 2835, 2800

Comment:

Wave (iii) approaches the target 3000+. There is also a confluence of resistances. Prices are rising under the yellow trendline, so can happen a short-term correction, eg., to 2900.

Comment:

Looks like 4th (iv) wave happens now:

Comment:

Likely near is the end of the up trend: (i)-(ii)-(iii)-(iv)-(v) structure broken, may be 5th wave completed.