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.
Note
We're on track for reaching our target, HAlfway thereTrade 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?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.