An initial strong move a couple of weeks ago has started a nice break above the descending trendline (start of wave (a) of a possible abc pattern).
If we CAN capture the pullback at the end of wave (b), it CAN give us a nice chance to ride wave (c) to challenge higher resitant zones.
If price gets close to the point where the initial bullish move started, then the whole pattern has failed and it's better to cut loss before it's too late.




