Short term we hit the 88% retracement of the monthly leg. We should see a short to the 61% of the M leg as well. Because we broke the trendline and 61% we could see another push upwards long term. The retracements of the current w leg would align the 61% fib of the 61% of the M leg + structure. So we have good confluence on a confirmation to go long (long term).
Short Term - 1:2.90
Long Term. - 1:3.82
Short Term - 1:2.90
Long Term. - 1:3.82