EW analysis. Targets either 0.382 or 0.618. Action signal only on the breakout. Half mast formation usually run 60% of pole distance which is in line with the 0.618 target. Nevertheless once again, the breakout will rule the direction. SL below point 4, the entry on the breakout or pull back after the breakout. Trailing stops will follow the trend. NEVER ACT WITHOUT A SIGNAL (BREAKOUT). The signal should also follow filter breakout based on ATR or STD to account for volatility (advanced concept). P.S inverse chart