Possibility of a butterfly pattern. That'd be nice trading setup
We can go long as soon as the price touches the lower trendline in an aggressive approch, or in a more conservative way we can wait till the price pierces the upper trendline and confirms start of wave 5
wave 4 should not pierce wave 1, so we can go long here with i tight stop just below the purple area!!
just wait for the 3nd of wave 4 to get a long position