$STAN making higher high and confirming the bullish thesis. From an EW standpoint, we have a 1-2 of a lower degree likely starting wave C
This ETF falls in line with the general bullish momentum of the sector. Wave 2 could be in place in the £15 area and we could be right into wave 3 thrust taking us to the $20 target.
Price approaching wave 4 natural correction zone, between 38% and 50% of the previous wave 3.
Looking for retest of trend support to go long the instrument. Both supporting indicators are also bullish.