III | Elliott Wave Projection - Corrective A Possible Breakout?Price action and chart pattern trading
> Elliott Wave projection - a possible breakout of corrective wave A position at 0.618 retracement of previous wave 5.
> Target Wave B zone estimated at 0.618-0.786 of the current wave A uptrend + 15 - 18% upside again
> Stoploss at the lowest wave A position plus ADR average day range -5 - 7% downside
> RRR 2:1 for short term trade
Always trade with affordable risk and respect your stoploss
