We are currently in wave C. Wait for wave 3 to finish followed by 4 and 5. Long once 5 breaks bottom of 3. My stop loss is 14 hourly AT which is 17 pips.
Note
Stop should be moved up to the low of wave 5. If it breaks at this point the count will be invalidatedNote
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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.