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 closed: target reached
Taking profits - Fib target reached! Multiple targets obviously reached in that huge pump.
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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.