Price is in a consolidation (magenta lines) which in turn is within a bigger consolidation (marked by red lines).
Will the price have strength to hit the upper red line? Your guess is as good as mine...
Today, the price action breaks out from the flat consolidation with high volume indication buyers comeback and a beginning of new bullish wave.
Target: 60
Stoploss: 48.50
Duration: 3-5 days
