This is a short then long position flip that is playing off the third wave down and then on the fourth wave back up. The yellow trend lines show the possible pathway.
Short position Entry : 4.785 Stop loss : 4.940 Target : 4.540
Long position Entry: 4.545 Stop: 4.415 Target: 4.775
Note
The short sell executed perfectly! Now lets see what happens withthe long position.
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