Seems like we've broken out of the Leading Diagonal or Ending Diagonal trend line
Reasonable Long position to expect a retracement (to the upside) to fair value at around 0.5 Fibonacci Retracement, as Wave B or Wave 2
Reasonable Long position to expect a retracement (to the upside) to fair value at around 0.5 Fibonacci Retracement, as Wave B or Wave 2