out a 5 waves up affair? Sure looks like it.
IF IF IF true then the current trend as defined
by the green is up. Notice
how this issue basically tagged trend channel
support and is pulling away from it? That's where
a stop can be placed, a break of the pink line.
Notice how within that overall
there is a downtrend (red) within it?
That is the definition of a trend within a trend.
Ever hear of the bunny hop dance?
CURRENTLY you are looking at one.
For educational and informational purposes only, trade are your own risk this is not a recommendation.