It's a bearish Wolfe Wave. The dashed line is the target line.
STRUSD is in an uptrend previously reached its 3rd progression. Until now it retraced 50% since the last top and reached both a valid horizontal resistance zone and the ascending blue trendline. The idea is to buy a breakout over both the descending orange trendline of the consolidation since the last top and the green line, especially if this coincides with a...