broke out of the blue downtrend channel
2 days ago and is moving to the top of the big yellow uptrend channel
. First it needs to break the $1619 resistance level
. If it can break the big resistance level
at $1700 convincingly, it may break upwards out of the yellow channel. The mid-long target would then be the 1.618 extension
of the previous wave which lies at a whopping $4899 (with stops on the way obviously)! I'll have to see it before I believe it, but if the wales are feeling generous who knows what might happen :).