Price action and chart pattern trading setup > Leading Diagonal Family now the zigzag primary wave 4 can not go lower than wave 2 (slight overlapped maybe possible practically.) > If wave 4 is a failure, the current wave would be reset to wave 2 and projected wave 3 would become wave 1. > Wave 4 is always zigzag family - sideway breakout is optional as a combination with flat > Wait for confirmed new wave breakout before entry at wave 2 or wave 4 minor > 1st target for long can be set at 0.5 to 0.786 retracement top of wave 3 > The Final target at wave 5 always ends beyond wave 3 at 1.236 or 1.618 wave 4 retracements. > Recommended risk reward ratio at 3:1 for medium and long term trade.
Always trade with affordable risk and respect your stoploss.