AERO, break down or the sound barrier!?

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AERO started by showing the kind of impulsive structure that could lead to a much larger advance. The internal retracement off the low was deep enough to flush weak hands but shallow enough to retain the broader bullish context.

The structure looks like a completed wave 2 correction: a double zigzag down into that .51-.61 pocket, finishing with an impulsive pop off the lows. That initial thrust is exactly the type of reaction you want to see if this is the early stages of a wave 3 or C advance.

What’s next? Ideally, price continues to respect the 0.615 level and we see price return back to the channel and then breaks above it with momentum, signaling the start of the next leg up. A clean swift move above .965 would help confirm that bulls are in control and we’re not dealing with an extended corrective mess.

Upside targets are layered: 1.31 is the first zone to watch—an area of prior structural reaction. Beyond that, the move has potential to extend above 1.80+ in a classic wave 5 push, provided we continue to see impulsive follow through.

Bias is bullish while price holds above .61 and continues to print higher lows. Any significant break back into that .51-.61 zone without reclaim would invalidate this setup and shift focus back to low prices.

Trade safe, trade clarity!