BIG PULLBACK OR BREAKOUT?

I am looking at this bullish corrective structure on the daily time frame. Price is now at the top of wave 4 and needs to confirm either a breakout to the upside or a reversal for wave 5 first. I expect price to move around this level for a while before making a definitive move so will be trading both long and short positions on lower time frames.

Happy trading!

Linton White
JP Markets
South Africa