Chart pattern: Bull flag

Entry: 160$ (this would end the downtrend)

Stop: 113$

Target: 300$-400$

Stopmanagement: ATR Stops weekly chart default settings

Risk:Reward-Ratio: > 2:1

Description: The price has formed a coherent Elliott-wave-pattern. It also regained the trendline which was valid in the past. Target is the 1:1-1:1.6 Fibonacci-extension
Elliott WaveFibonacci

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