1. Downtrend line broken.
2. Impulsive price action at the break of the trendline with High
3. After the impulsive break, price is correcting and consolidating.
4. I would be a confident buyer within the Buy Zone which is the Fib Retracement Level Zone of
50-61.8 % and support of the trendline. The ideal level zone is between $4.90 - $5.00. That will be a trade with confluence.
5. Good Buying Opportunity if it closes positive or prints a patterns in the Buy Zone area and on or near
the trendline with price action follow through.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.