SQR appears to be in the C wave of a large ABC. The 1:1 Target for this C Wave is 0.80946. The internal structure of the C wave however suggests that the C Wave might fall short with a 1:1 price target of 0.73866.The TP for this trading idea is therefore the lower price target of 0.73866 with the SL set at the B Wave of 0.41431.
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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.