Well I think so. At least for while we are in what appears to me to be Wave 5 with two subfractals. I am bullish on this one currently. I never short second sub waves, and almost never subwaves 4. Anyway, do your research - this is not financial advice ffs.
Note
Just thought I would do a quick update. Obviously retraced back a bit, killing quite a few fake fractal starts, which is good. I am not terminating my positions, as its evident we have undergone a subwave 2 (note the Zigzag- typical and a retrace to >.786 area). I am willing to bet the run up and the impulsive retrace is a 1 and a 2 of a much larger pattern. But I would get suspicious if retrace is >90% and invalidate if we break the floor. Both scenarios still quite far at this junction. RSI crossed back from oversold territory. Nice positive momentum on that latest green as well uk.tradingview.com/chart/oB2F6udC/Note
Unfortunately, it seems I am unable to post updated drawing which I will publish shortly in a separate idea.Trade fermée: cible de profit atteinte
Taking profits - Fib target reached! Multiple targets obviously reached in that huge pump.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.