It seems to me it's in a clear ascending wedge on its final impulse in this Elliot wave diagram. Entry is at 4.62 or 5.16. Stop loss is below the wedge at 4.5. Targets are the same at 6.7.
The first blue path is if it retains the parabolic trend that its on, the second is if it breaks that trend but it remains in the wedge, and the third is if it breaks the parabola and wedge. The third would cancel the trade.
The first blue path is if it retains the parabolic trend that its on, the second is if it breaks that trend but it remains in the wedge, and the third is if it breaks the parabola and wedge. The third would cancel the trade.
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