As we can see here on purple lines, we may have a triangle correction pattern that completes the 5th wave as an E wave and ready to touch the upper purple line.
I think it's probable to break it out for some reasons:
1. We have already our UPTrend
2. It's close to the end of the month and for the next month, we can have a green Marubozu candle. or even a shadow above the next monthly candle.
I think it'll be a good opportunity to have a Buy position after breaking out the upper purple line. or have a great sell position after losing bottom purple support.
I think it's probable to break it out for some reasons:
1. We have already our UPTrend
2. It's close to the end of the month and for the next month, we can have a green Marubozu candle. or even a shadow above the next monthly candle.
I think it'll be a good opportunity to have a Buy position after breaking out the upper purple line. or have a great sell position after losing bottom purple support.