The current upward trend looks more like a wave A of corrective wave 4 of larger degree than the impulsive wave 5. I am expecting a pullback around sub-wave 2 of wave C (Ending diagonals). I am currently targeting around sub-wave 2 of wave C.
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Even though the mentioned invalidation point was hit, I am still not satisfied with the price action and i am still in my short. The updated chart is shown below
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.