It succeeded breaking out from the Magenta Temporal Resistant. And now it will try to break the Green Hidden Line.
If it is strong enough, the direction will go as green arrow path.
But it will be logical if it follow the blue arrow path, to get slightly retraced and surge again.
Anyway, retracement is considered finished as long as it is not going down over every support lines.
Regardless of green/blue arrow path, downtrend to temporary uptrend can be seen again if it manages to break the resistant lines at Fib 0.382.
If it is strong enough, the direction will go as green arrow path.
But it will be logical if it follow the blue arrow path, to get slightly retraced and surge again.
Anyway, retracement is considered finished as long as it is not going down over every support lines.
Regardless of green/blue arrow path, downtrend to temporary uptrend can be seen again if it manages to break the resistant lines at Fib 0.382.
