I think it is starting a C wave within a bigger time frame B wave of either a larger 2nd wave or a larger B wave. Anyway, the up move should be impulsive and after that we will have either a 3rd wave down (which will be violent from it's nature) or a C wave within a bigger corrective structure (which will also be violent). So, the conclusion is that we should wait for a confirmation of this up move now and go long till it breaks the top of the larger A wave and after that we can focus on catching the bigger down impulse.
Trade this idea with care, taking into consideration your own entry/exit, trade and money management! ;) Good luck!
Trade this idea with care, taking into consideration your own entry/exit, trade and money management! ;) Good luck!