Check out the explanation for this chart in the video linked below.
The expected risk\reward ratio at a minimum is 18:1
Entry: 1.09297.
Stop: 1.08518.
Target: 1.23436.
Things that invalidate this idea include: Price breaking support before the entry level is reached or if entry is reached and price reverts and breaks support.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***