Price appears to be forming a Diametric structure, which is considered a bullish phase.
If price pulls back into the green zone, Wave F could complete there, potentially allowing Wave G to begin. Wave G is expected to be a bullish wave that could push price toward the targets marked on the chart.
We have marked the targets on the chart. Consider taking partial profits progressively as price reaches each target rather than waiting for the final target.
We are looking for Buy/Long positions within the green zone.
Invalidation:
A 4H candle close below the invalidation level would invalidate this bullish scenario.
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Do you think PENDLE is bullish?