The rally may have looked impressive, but from a Hidden Pivot perspective it only just qualified as an impulse leg on the hourly chart, having exceeded the requisite one internal peak and one external. The short k-A segment means the shallow pullback off the intraday high is a legit B-C leg, at least in theory, but there’s limited value in projecting a target that would be based on a continuation of yesterday’s probably unsustainable trajectory. Anyone looking to get long yesterday needn’t have looked for camouflage, since, on the 15-minute chart, there were no false entry signals the entire way up. That’s typical for all strongly trending days, and if you simply take every ‘X’ entry on the way up, it’s hard to lose..
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