Price is trending up in a clear 5-wave structure. . Price broke out of resistance level and completed impulsive wave 3. . Price is currently retracing back to retest the broken level and has the potential to move up towards the resistance level. . To take advantage of this setup, we will have to wave for the completion of the corrective Wave 4 at our confluence level and wait for the breakout of the blue counter trend line for a long entry. . Thanks for reading!