We will be looking for long opportunities and our first profit target is at the first resistance level shown. The is a possibility that the move up will form a 4th leg or break the resistance zone. If the resistance zone holds we expect a final 5th leg down then an upward move which will break out. After the break out at the resistance zone our profit target will be at the next resistance zone at the top of wave 3 (see my weekly timeframe analysis)
Comment:
now is a good time to break even