1) divergence on the 1,2,3,4 and 6 hour time frames on and .
2) There are 5 waves to the upside that can clearly be counted on the 1h chart.
3) There is a pattern as you can see with the left shoulder labelled as 'LS', right shoulder 'RS', and head 'H' in the analysis.
4) We can have hit the 40k resistance.
I have gone short here with 1.5x and I plan to ride this down a nice amount.
Let me know if you have any other ideas.
Good luck, all the best.