But I wouldn't buy here as I'm expecting a correction after hitting (3) in the blue target zone.
Short term traders should wait for a pullback to 4 (exact area of bouncing can be determined later) for a next ride to the next blue target zone.
Exact target (5) can be determined once leg 4 has been finished.
Targets are determined with Fibonacci extensions.
My bet is 745sat....but "trade what you see, not what you think"
I adjusted 4+5 a bit as i didn't expect such a fast retrace.
I'm a bit worried about the current pattern on smaller timeframe which might be a bearflag alongside the blue trendline. So I'll give to 2 possibilities as update.
Don't forget: this first 5 legs up are just the first steps in a much bigger move!
Trade what you see, not what you think!
Watch price action at the trendline if it goes further down or up again.
Fibonacci show me possible towards 650 but we'll let the market decide
Which is just the first target ;-)
Targets calculated with fibonacci extensions.
lets see if Fibonacci gives some support here
Watch priceaction at the trendline, should bounce and break out but wait for strong green candle