We are in phase 4 of Wyckoff Cycle.
Phase 1 consolidation
Phase 2 break out of consolidation uptrend starts
Phase 3 consolidation
Phase 4 break out of consolidation downtrend starts.
Phase 1 consolidation
Phase 2 break out of consolidation uptrend starts
Phase 3 consolidation
Phase 4 break out of consolidation downtrend starts.