If this is a wave 4 we can look for a retracement back to the channel top at one of the fib levels as depicted on the chart (we should at least reach the 38.2% ret. if the 3-wave count is valid).
Wave 2 was a flat so according to the guideline of alternation chances are higher of getting a sharp correction for wave 4, maybe a zigzag? The retracement should bring the back to around the zero line.
As for the finished pattern we can aim for the of the CD leg around 176.40.
My first target is therefor in between the 38.2 and at a possible .
My second target is the 61.8 retracement at another possible (but I'll watch the and might take some profits there too though, it all depends if we get ratio and channel confluence or not!).
If this turns out to be the start of a new 5 wave motive wave up then the second target can be adjusted higher.
SL below the lowest low and possible .
I'm long already based on my previous idea but will try to add longs as long as this and the previous setup is not invalidated. If we go back down, form a and reverse again then I might add extra longs.
Also see my previously published idea trying to predict the end of this strong down move which started last year during the summertime, I got quite close if I say so myself... ;-):