Very compelling price action on 4H and D charts. If it stays where it is or goes down by the end of the week there will be a confirmation on W chart as well.
WHY: compelling PA (bars), clear EW count, divergence on indicators
Risk: 0.2% of total portfolio
Exit strategy: 50% when reaching 1/1 profit to risk ratio, the latter when retracing 0.382 of the previous high.
Duration: 6-10 months