Our Wave C worked a dream here in this Head and Shoulders pattern, leading right up to the start of the Euro 2024 event, which is a massive event in Europe and football fans throughout the world, maye not in the US but it is still the most popular sport in the world.
Price has jumped on the 0.38 Fib and now above its 200 Day MA and testing the 50 Day MA now from below.
A flip of support here and this is bullish at $42, we only have 1 wave here so I can not add the impulse wave until we get the start of a pull back but I like this to continue higher from here in an impulse manner, meaning if you did not get in already, waiting for the higher low pull back would be the smart choice.