Prior ugly top.
Golden cross looming. Many describe a golden cross ( moving average crossover) as a cross of the 50 up and through the 200 . It is very close to a crossover here. The 50 has already crossed through the 100. The 20, 50 and 100 are tangling which is often considered . There are Ws which seem to have corrected and last formation in the ABC was a crooked M. (second peak being higher than the first in this M)
Price has been in a large with the bottom trendline being support and the top one being resistance. Price would need to break the top trendline of the to meet targets 2. Price also broke up from a symmetrical triangle. Symmetrical triangles are neutral until a trendline is broken with a trend in that direction.
Lots of green right now with 2 small gaps under price. Gaps can serve as a source of support.
Sometimes it is best to hold your horses and let them drink some water and wait for a good long entry level.