Idea is based on a combination of Elliot wave, Median Line analysis and Fibonacci extensions. The rationale behind this technical analysis is shown on the chart. In this particular case unfortunately I can not tell you where my stop losses are going to be since I have dynamic targets (and thus stop losses). If you understand my approach then it shouldn't be that hard to decide where to place those. Good luck!
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Disclaimer
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.