This could be a day trade set-up. Target for wave 5 is acquired by assuming a 1 to 1 extension of wave 1 (that means wave 5 is the same length as wave 1). Stop is slightly below the top of wave 1 since waves 4 and 1 cannot overlap.
Trade closed: stop 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.