target is based on the size of the triangle and .618*wave (1) of ((5))
4h chart: trading analysis
- price broke and closed above the descending of the triangle after testing this area the first few days of March
- price pulled back to this at 120.00 level - this was the ideal buy entry point
- price broke and closed above horizontal resistance at 120.75 and has found support here
- the 55 will soon cross the descending and should provide support (keeping stop losses below this)
Big Picture: count - weekly chart
A nice five wave rise in its final leg.