Some great details about this Wave: The 1-4 target line has the same slope as the blue downsloping fork. The 2-4 line exactly the same as the steepest upsloping black fork. The 1-3 line the same as the turquoise upsloping fork - notice how well price respects that on the way up!
Daily TF confluence in this area from the downsloping channel middle, upsloping 0.5 and the overlapping from the smaller fork:
I would consider a break above all of this quite significant = adobt bias. Downtrend on the weekly but in the form of a completed , which means the uptrend might reassert itself soon.