This likely is the breakout we have been waiting for three months now.

Not only does the count suggest it, we also broke the downtrend line and made a golden cross in the 4hour chart. All three are bullish!

The count changed a lot, as this wave 4 (light blue) was clearly a triangle with a triangle in wave e. That's why I am very confident in this count.

All waves 4 ended higher than the previous one (they don't have to) which is typical bullmarket behaviour...

Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...

Have a nice day :-)

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