LONG SETUP 3

Currently, price has broken out of both channels and we expect a pull back in the near term around the 16.65 zone.
If this zone is broken then we expect the lift to occur around the 15.70 handle.

Also, the range breakout has already retraced 0.618 of the advance and currently forming an alternate wave pattern
which projects to the 16.65 zone.

For the current ABC wave :
From High: 16.584 on 27th Feb. 2019
Low : 14.285 on 28th May. 2019
Total days: 90 days
Total points moved : 16.584 - 14.285 = 2.299 units

Price declined 2.299 units in a total of 90 days : 90 * 0.786 = 71 days ( which occurs on 7th August) - Time Axis
2.299 * 1.272 = 2.924 units
2.924 + 14.285 = 17.209 ( Price Axis which occurred exactly on the time 7th August)

Price retraced 1.272 ratio from the low 14.285 hitting the 17.2 zone on 0.786 time: 1.272 + 0.786 = 2 ( PRICE AND TIME SQUARED )
Price and time squared so we expect a retracement back to the 1.0 axis at 16.6. If this axis is
broken then price could possibly bounce off the 0.618 axis at 15.7 zone.

TRADE ENTRY 1 : BUY (Wait for pull back and entry)
TP : 18.06
Entry 2 : SELL @ 18.16
TP will be updated alter