I am currently favoring the bullish wave count over the bearish one. The defined range is highlighted in blue. The green lines give an estimated direction higher while the red one gives an estimated direction lower. I am tracking a break out move higher for CHKP but added the overlay of the bearish wave count which is still possible but seems less likely.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.