Broke out of downtrend, now retesting that trend, wait for breakout for leg 5.
Target in blue box, based on Fibonacci extensions.
If this is the top for (B), I'm expecting a nice retracement to the next blue box which is close to the trendline. Coincedence? I dont think so ;-)
If we reach blue box, watch price action if we get next move up. My bigger view shows a rise to 0,003 middterm.
Hitting the targetbox 2x in a row!!
Watch priceaction right now,, breaking out of this pattern is a great chance to go long again.
Keep your eyes on the blue trendline, if it breaks for a couple of candles we might retrace some more.
Midterm view is still bullish.
Trade what you see, not what you think!
Bases on latest movement, targetbox where support could be found and we might start a new cycle
Not sure whats happening right now....I'm not conviced yey about new uptrend. I'm more bearish