Description
⋅ It appears as though the correction for Wave iv in this ending diagonal since March 2020 looks complete.
If we break the highs I would be inclined to go long assuming that Wave (A) of the Wave v zig-zag is in progress.
Please remember to only enter the trade if the entry level is reached.
Entry: 1.21524
Stop: 1.20807
Target: 26,000 (The same length as Wave (A) of Wave i)
Risk\Reward Ratio: 6
See the full count below in related ideas.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.