If you follow our work, you know that there are some indicators that we emphasize quite often. Let me highlight some key elements of this chart:

1- Wave 4 coinciding with the 38.25 FIBO – classic pattern, gives us HIGH CONVICTION of a continuation of the TREND.

2- Wave 4 not crossing Wave 1 – A major rule in EW. That gives you a point or reference to size your risk (in this case a top to trade against)

3- The extension matches perfectly with medium term support.