Seems likely were now in the fifth minor wave of the third major wave. The 2nd Major wave retraced to 0.382 fib level. Therefore, its likely that wave 4 major, will retrace more.
Comment:
We're on track for reaching our target, HAlfway there
Trade closed: stop reached:
So the market retraced to 0.236 only in the forth wave, then went up and hit the stop. May be should have set take profit in stages?