After the New Years breakout STRAT is following a 5 wave pattern, nearing the completion of the 4th wave. There is still upside potential before a considerable retracement could be expected.
Comment:
There is an alternate possibility of the 5 wave pattern being completed already, with the breakout being wave 1. The correction will continue if so but past the bottom trend line support.
Comment:
The alternate pathway has taken place. Bull signs are building up for another run.