Primary Structure: Bullish Impulsive
Primary Trend: Bullish
Current Wave structure: Bullish Impulsive
Expectations: Five red impulsive waves constituted blue wave "1", which is retraced back as a double three in blue wave "2". This pullback went too deep. The reaction from its low is appealing and can be counted in five waves, which defines the low as in place. The price is sustained above the upper line of the base channel after a strong breakout from the low of the running flat in the red wave "(2)", suggesting more gains ahead.
Previously :
