P5 is reached...at least it looks like. The tiny lower close is very suspicious...
At least price broke out of the "creative" downsloping Fork and reached the CL. From here price either zooms through the CL, or comes down to the L-MLH. Chance for the walk to the south are 80% - same as going to the CL! And why NOW?...well, as i said, price reached the CL. So it's at the center OR it is at a potential extreme. If you think about it for a while - the CL could be the upper extreme...if you threw in a WL (Warning line = 50% projection to the downside)...