We have finally seen a break out of the channel towards the upside. This is the first good clue, that wave 4 did end at 24.98 just below my ideal target. However. I would like to see more confirmation that a bottom is indeed in place and a break above 28.58 would do the trick for me a call for wave higher towards at least 34.07 and possibly even higher towards 39.66 if wave 5 becomes extended. An extension in wave 5 is clearly a possibility as wave 4 has been an expanded flat correction, but remember there is no grantee and we will have to Watch the wave structure in wave 5 closely to determine, where wave 5 will most likely terminate.
nice price action today. certainly seems like it is impulsing higher right now.
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