Recent price action from January shows that after an impulsive wave, prices drop.
This impulsive wave then acts as support for prices to push up to the next impulsive wave.
Currently, we are at the support level with signs of a bullish push through some bounces.
The next target will be the high of the last bullish impulse.
This impulsive wave then acts as support for prices to push up to the next impulsive wave.
Currently, we are at the support level with signs of a bullish push through some bounces.
The next target will be the high of the last bullish impulse.