See pictured..
8.65 risk/reward ratio
Buy in around .00900-.00915
Stop Loss around 870. The formation can't stand if it drops below x1 end point of ~.00810. You can accept additional risk by putting your stop loss near that level if you would like.
First Target .012. Will be reassessing target based on the Wave A up. Wave A up should hit around .0103 before starting Wave B, which is the .618 retrace of X2
8.65 risk/reward ratio
Buy in around .00900-.00915
Stop Loss around 870. The formation can't stand if it drops below x1 end point of ~.00810. You can accept additional risk by putting your stop loss near that level if you would like.
First Target .012. Will be reassessing target based on the Wave A up. Wave A up should hit around .0103 before starting Wave B, which is the .618 retrace of X2
1. X2 ended and we are moving up for Wave Z. shown in snapshot
2. X2 is on B and can move down further
3. WXY or WXYXZ is complete for Wave 1(leading diag) of larger Wave 3