
That yellow trendline has been very popular lately.
One leg down has ended, a Thrust is always a Wave 5.
The current bounce made it to the Goosing zone.

That red volume block may still be attractive enough for a spike-up.

The bottom of that green field is the S-356. An important average. One more False Start print would be too many.
The price has grazed the 9-day EMA, poke below the Upper Guard Rail.

Weekly pivot, 3 spike lows. A bounce, a Wave 2 up.

The 3 catastrophic exits are a way more powerful setup.