Last time we got hit on break even level.
So as I assumed in my comment for last idea we retraced almost 78.6% of A in wave B (yellow).
It is very healthy for us as now market should run higher without setbacks.
Entry: At market (30.30)
Stop: Below today's low (29.25)
Target: 41.00 (where wave C = 1.618 of wave B)
Risk/Reward is 1:10
I guess it is over now powerful 3 up!
Original stop was set at 29.25
Wave 3 unfolded so we can move stop now.
Enjoy safe ride friends!
First wave up of larger degree has finished.
Now we are in a wave 2 retracement down.
Common level is 61.8% or 30.98 on the chart.
Worse case scenario it can reach 78.6% Fibo or 30.27 on the chart (below our break even)
Let us see!
Other valuable explanations are in callouts on the chart.
Illustrations are on the chart.