Long term EW target of 1680 has been reached. Supposing that 1680 does not break given that the daily RSI is oversold, this could possibly be the end of wave 5. In that case, we can look for buys towards the end of Wave A that can be projected towards 1740 to the middle of the weekly flag. If 1740 gives way, we can then look towards 1760. Depending on the scenario, wave B will be towards 1716 - 1708 before Wave C going higher up towards 1800. SL will be below of the weekly flag. Bulls can look towards buying on every $10 drop from this point on for the mid term.
Trade closed: target reached:
Wave A done.
Trade active:
Shorted 1740 for wave B
Trade closed: target reached:
TPed shorts at 1708
Trade active:
Bought 1710 and 1700
Trade closed manually:
All buy positions closed at the top of the weekly flag at 1792