Looks like we had a very decent breakout. big pitchfork is a path from firs leg in the downtrend. it looks like it completed first impulse wave up and back test of the red line would be a tell. If it plays out and we bounce off higher low and then higher high, we might be in the next leg up. small fork is just hypothetical, depends where first down leg ends. But it also correlates with previous uptrend. I used twin parallel channels and - looks good. that orange line would be objective buy with very tight stop. If we make lower low and get back into big fork - we are still trending down.
