Short term- We formed a candle today at the ascending hinting at a potential pullback to fib before breaking out. If we form a candle tomorrow that'll confirm the sentiment and i'll likely take a short term long entry up to that key fib area.
Long term- I'm looking for a reversal around that key fib area mentioned above to short for a longer term trade. If we don't get that I'll just wait for a retest of resistance after a breakout.
The pattern is nearing the end so if it isn't confirmed soon it'll fail. Watching this one closely...there really isn't much else in the market at the moment.
Great spot on the 4 hour by the way, even more evidence pointing to a turn before a real breakout! I'm watching the daily for a reversal sign and then confirmation with a clean break above the 50/60 ema on the hourly and a then a retest.