Waves looks to be on the move upward. The MACD has shown bullish divergence from July to Nov creating a reversal. A golden cross looks to be close with the 50 ema pushing towards the 200 ema. Waves risk/reward looks great because it's in between the .618 and .786 FIB lines. There also looks to be a pennant forming. With the momentum being bullish I think Waves will have another leg up and break the pennant.