I noticed what looks like the 5th wave of an elliott wave
. It seems like it's bouncing off the support area
I drew a few days ago which coincide with the . 382 retracement
level and the PP. I put my S/L just below the PP because everything seem to indicate a really strong support area
. Currently my T/P is set around where I expect the price to go but when the price will reach R1 I'll probably set a trailing stop. To follow ...