MA - Trade Setup - 34% Upside Potential

Here is my trade setup for NYSE:MA . Entering a long position here. We could possible see a bit more downside to the fibs levels labeled 1.618 and maybe 1.809. I would enter a partial position here and then double down if it goes to 1.618. I would set your SL to a bit below 1.618 initially, this would mean a los of about 6.3% if you got stopped. Upside potential for wave 3 is 34%. This gives an RR of 5.4. Expect to hold this trade for several months until price target is reached.
Comment: Already up over 4% since initial buy in, testing top of the channel here, if we break out then we are going to new ATH
Comment: Testing channel for support with the wave 2 retrace. Looking good so far, adjusted SL to 314.55. If we make a new high recent high then I will adjust SL again to bottom of the wave 2
Comment: Wave 3 in motion
This post is for educational purposes, this is not financial advice. Trade at your own risk.

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is this still good to enter
@dtradesnyc, I actually think this is a perfect time to enter. I would personally set my SL at 314.5. We could go a bit lower for the wave 2 retrace but we just tested the top of the channel for support and bounced off it:
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