We are starting our analysis on a 1D timeframe. Looking to the left reveals, that the price has just recently closed above and bounced above previous support/resistance structure. That gives us an indication of where the price is likely to retract next. This structure also represents a key level, because it is also a 0,236 Fibonacci retracement level. As the latest price movement was bullish, we expect a price reversal before another spike.
On the 4H chart, we can see a bullish movement, that could be representing the first motive wave of a five wave structure. We also see a possible correction. That means, that the current bullish move we are in is the third wave, which is also a motive wave and it can not be the shortest. As the wave five will probably not advance too much because of exhaustion, we expect that wave 3 is going a bit higher before the correction labeled with number four. We can also expect, that there is a high probability, that wave 5 will not finish above wave 3, as there is a big support zone above wave three.
Good Luck!
On the 4H chart, we can see a bullish movement, that could be representing the first motive wave of a five wave structure. We also see a possible correction. That means, that the current bullish move we are in is the third wave, which is also a motive wave and it can not be the shortest. As the wave five will probably not advance too much because of exhaustion, we expect that wave 3 is going a bit higher before the correction labeled with number four. We can also expect, that there is a high probability, that wave 5 will not finish above wave 3, as there is a big support zone above wave three.
Good Luck!