Probably we are in a 1-2 scenario where we will see an important wave 3 developing in the coming weeks. If we don't, based on this regular flat we should see a move to the upside to complete a double zigzag structure, in both cases we are bullish at least to the last high
Trade active:
The price is around 20% from the first analysis
Comment:
The breakout of the trendline was very nice, and the price already broke the 4th wave of the flat, those are good clues to indicate where the price is going next
Comment:
The bears are showing some strength, however we only have a 3 wave move to the downside. The scenario could change if the "correction" develops a valid 5 wave move